Pensions savers facing ‘horribly complex’ new set of rules

13 November 2023

Pension savers will be forced to navigate a “horribly complex” new set of rules in 2024, warns AJ Bell, as the Government prepares to unveil new plans to replace the pensions lifetime allowance. In March, Chancellor Jeremy Hunt abolished the pensions lifetime allowance of £1,073,100, creating a tax regime where consumers can take as...