Webinar Replay: Understanding the Spring 2023 Pension Tax Changes

The UK Chancellor’s 2023 Spring Budget saw huge changes to pensions tax with an increase to the Annual Allowance and the surprise removal of the Lifetime Allowance.

Even after the changes, the UK pension tax system remains a complex regime. The impact of these changes will require careful consideration, with many employers, pension scheme managers and trustees now reporting a surge in questions that have arisen from these changes. The changes are prompting many to consider new perspectives on communication, member options and GMP equalisation approaches.

What is clear is that the Budget changes have implications for a wide variety of pension plan members, not just higher earners. During this recording, our panel of experts discuss the immediate and shorter-term implications for employers, trustees and employees, providing insights and actions you can take as a result of the 2023 Spring Budget changes.

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