#pensions #budget #ukpensions

✅ The biggest pension changes in years!?

In this video I go over some of the main takeaways from the Spring Budget 2023. Before I have to go an scrap some of my old videos on the Lifetime Allowance anyway. 😢

TIMECODES

0:00 - The Spring Budget
0:43 - The backdrop
1:56 - The ‘3 measures’
2.54 - The missing workers - and the UK’s position
3:48 - Is inflation coming down?
5:06 - The Pension News - The NHS
6:11 - Annual Allowance Changes
7:02 - The Tapered Annual Allowance
8:00 - Money Purchase Annual Allowance
8:55 - The Lifetime Allowance Changes
10:39 - Tax-Free Cash Changes
11:17 - Could we see further Tax-Free Cash Reductions?
11:38 - Pension and Inheritance Tax
12:38 - Childcare changes
13:30 - Final thoughts


REFERENCES FOR FURTHER READING
https://www.gov.uk/government/publications/spring-budget-2023
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1142902/Web_accessible_Budget_2023.pdf

Money Purchase Annual Allowance Triggers
https://www.gov.uk/hmrc-internal-manuals/pensions-tax-manual/ptm056520


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