![Budget update on lifetime allowance and annual allowance changes](https://www.lppapensions.co.uk/wp-content/uploads/2023/03/715x400-spring-budget-2023.png)
Budget update on lifetime allowance and annual allowance changes
The Chancellor announced big changes to the lifetime allowance and annual allowance in the 2023 Spring Budget earlier this month. Chancellor Jeremy Hunt said he will abolish the lifetime allowance and increase the annual…