![What is the lifetime allowance? How scrapping pension limit will affect you after surprise Budget announcement What is the lifetime allowance? How scrapping pension limit will affect you after surprise Budget announcement](https://wp.inews.co.uk/wp-content/uploads/2023/02/SEI_143332664.jpg?crop=0px%2C254px%2C2500px%2C1411px&resize=640%2C360)
What is the lifetime allowance? How scrapping pension limit will affect you after surprise Budget announcement
![The lifetime limit on tax-free pensions savings to be abolished as announced in UK Budget 15th March 2023 | FinSec PTX The lifetime limit on tax-free pensions savings to be abolished as announced in UK Budget 15th March 2023 | FinSec PTX](https://www.finsecptx.com.au/wp-content/uploads/2023/03/Breaking-News-Feature-2.jpg)
The lifetime limit on tax-free pensions savings to be abolished as announced in UK Budget 15th March 2023 | FinSec PTX
![Pension lifetime allowance axe has created 'inheritance loophole for wealthy' | Personal Finance | Finance | Express.co.uk Pension lifetime allowance axe has created 'inheritance loophole for wealthy' | Personal Finance | Finance | Express.co.uk](https://cdn.images.express.co.uk/img/dynamic/23/590x/secondary/budget-key-points-4635651.jpg?r=1679221214490)
Pension lifetime allowance axe has created 'inheritance loophole for wealthy' | Personal Finance | Finance | Express.co.uk
![Budget: Chancellor abolishes lifetime pension allowance saying 'no one should be pushed out of the workforce for tax reasons' - CityAM Budget: Chancellor abolishes lifetime pension allowance saying 'no one should be pushed out of the workforce for tax reasons' - CityAM](https://www.cityam.com/wp-content/uploads/2021/09/pensions-57ed8568abc1c-57ed8568cb2dc.jpg)
Budget: Chancellor abolishes lifetime pension allowance saying 'no one should be pushed out of the workforce for tax reasons' - CityAM
![The Telegraph on X: "💷The lifetime cap on pension saving is set to be abolished, in a shock move by Chancellor Jeremy Hunt in the #Budget2023. But how will the cap scrap The Telegraph on X: "💷The lifetime cap on pension saving is set to be abolished, in a shock move by Chancellor Jeremy Hunt in the #Budget2023. But how will the cap scrap](https://pbs.twimg.com/tweet_video_thumb/FrRNohuXsAEuPcx.jpg)
The Telegraph on X: "💷The lifetime cap on pension saving is set to be abolished, in a shock move by Chancellor Jeremy Hunt in the #Budget2023. But how will the cap scrap
![How the lifetime allowance being abolished affects your pension – and what to do if Labour brings it back How the lifetime allowance being abolished affects your pension – and what to do if Labour brings it back](https://wp.inews.co.uk/wp-content/uploads/2023/03/SEI_105075662.jpg?resize=640,360&strip=all&quality=90)
How the lifetime allowance being abolished affects your pension – and what to do if Labour brings it back
![Jeremy Hunt's 'bizarre' ditching of pension limit 'widens inheritance loophole for wealthy' | Budget 2023 | The Guardian Jeremy Hunt's 'bizarre' ditching of pension limit 'widens inheritance loophole for wealthy' | Budget 2023 | The Guardian](https://i.guim.co.uk/img/media/fbec52941a44ba1a338a092d5a6367f3c88e4678/0_408_2468_1481/master/2468.jpg?width=465&dpr=1&s=none)
Jeremy Hunt's 'bizarre' ditching of pension limit 'widens inheritance loophole for wealthy' | Budget 2023 | The Guardian
![The lifetime limit on tax-free pensions savings to be abolished as announced in UK Budget 15th March 2023 | FinSec PTX The lifetime limit on tax-free pensions savings to be abolished as announced in UK Budget 15th March 2023 | FinSec PTX](https://www.finsecptx.com.au/wp-content/uploads/2023/03/Breaking-News-Lifetime-Allowance.jpg)
The lifetime limit on tax-free pensions savings to be abolished as announced in UK Budget 15th March 2023 | FinSec PTX
![Pension lifetime allowance: Boris Johnson told cap 'should be abolished' | Personal Finance | Finance | Express.co.uk Pension lifetime allowance: Boris Johnson told cap 'should be abolished' | Personal Finance | Finance | Express.co.uk](https://cdn.images.express.co.uk/img/dynamic/23/590x/1536219_1.webp?r=1639560397860)