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.

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.
Research Briefing
House of Commons Library publications on the rising cost of living in the UK, including causes of inflation, the effect on households, and Government support.
Research Briefing
This briefing covers rising prices including food and energy inflation, Government support, and how the cost of living affects households.
Research Briefing
The High Income Child Benefit Charge provides for Child Benefit to be clawed back through the tax system from families where the highest earner has an income in excess of £50,000.
Research Briefing
Since the 1990s, UK governments have had debt and borrowing targets. Here we look at the UK's fiscal targets and wider policy for managing the public finances.
Research Briefing
This briefing examines the way that Parliament scrutinises the Government's proposals for taxation, set out in the annual Budget statement.
Research Briefing
A summary of the announcements in the Spring Budget of 15 March 2023 and an overview of the latest economic forecasts.
Research Briefing
Answers to frequently asked questions relating to banking services, general investments and credit scores
Research Briefing
Ahead of the 2023 Spring Budget on 15 March, this briefing looks at the UK’s economic situation, economic forecasts, and the public finances.
Research Briefing
This briefing discusses the topic of Mileage Allowance Payments (MAPs) and Approved Mileage Allowance Payments (AMAPs) in the UK. It explains how the current rates work, how they have evolved over the years, and any calls for them to be changed.
Research Briefing
What cryptocurrencies are, how they work, the benefits and challenges they offer, and how regulators have reacted to them.
Research Briefing
This briefing looks at the UK Government's freeports policy. It also contains information on freeports in Scotland and Wales.
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