Pension tax relief: The annual allowance and lifetime allowance
This briefing discusses changes to the lifetime and annual allowances - which limit tax relief on pension savings.

The National Insurance Contributions Bill. (Bill 7 of 2007-08). House of Commons Library Research Paper 07/88.
National Insurance Contributions Bill Bill 7 of 2007-08 (403 KB , PDF)
The National Insurance Contributions Bill. (Bill 7 of 2007-08). House of Commons Library Research Paper 07/88.
National Insurance Contributions Bill Bill 7 of 2007-08 (403 KB , PDF)
This briefing discusses changes to the lifetime and annual allowances - which limit tax relief on pension savings.
Following the Spring Budget 2023 the Finance (No.2) Bill 2022-23 was published on 23 March 2023.
In the 2021 Budget the then Chancellor Rishi Sunak announced that the income tax personal allowance and the higher rate threshold would be frozen for four years from 2022/23 to 2025/26.