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Well so much for the increase from £1.08m to £1.8m in lifetime allowance, they've abolished the limit entirely. Proper tax cut for the 1%

If you are a higher rate payer putting in at 59 seems attractive as you 25% will be tax free on drawdown. Rest at your marginal rate. Maybe try and find an IFA and they can look at your whole situation

Really? Mid rank teacher is about £40k salary, so on an 80th's scheme its about £20k (assume 40 years service). A £500k pot would do it ...

I've used the teachers as an example because giving generous pension breaks to the top 2% shouldn't be a priority right now. Yet somehow they've managed it.

The whole thing doesn't sit well with me. Tomorrow we have 2 days of teacher strikes because they are being denied a decent pay reward after a decade of pay erosion. Yet this is a tax break that is designed to ensure the wealthiest families will stay wealthy through the generations. It will...

Maybe standard rate relief on the way in, tax free on the way out. They do something similar in Australia Pension pots outside of IHT at death seems ridiculous, the money was never taxed at all. If Labour win they need to get rid of this, with pension freedoms a lot of people are not taking...

Exactly, pension pots fall outside estates and are not taxed upon your death. Just seems bizarre when no tax was levied on it in the first place.

And as things stand anything left over at death will be free of inheritance tax. 40% tax avoided but nothing like that will ever be repaid. Don't get me wrong, folks need to be encouraged to pay into pensions, but this pretty generous to all but 98% of the earners

Seems like a pretty blunt tool to get doctors out of retirement. If the pot size does increase to £1.8m this is a pretty big tax giveaway for a lot of high earners Infact, to be allowed to put in £60k in a year you'd need to be in the top 2% of earners

So that's another 800k the rich can leave with zero inheritance tax. We need a friggin revolution in this country....

Some good news for the top 5% of earners. An extra cruise looks possible ... https://www.bbc.co.uk/news/business-64949083