Revitalising pensions

The scrapping of savings limits and relaxation of the rules on Ssass and Sipps is likely to reinvigorate the pensions market

Some of the pension tax changes outlined in the recent Finance Bill may have the effect of making pensions interesting again. The most significant development is the fact the limits on what most ordinary pension savers can put into a pension have effectively been removed. The thinnest of the thin cats will be allowed to save just as much as the fattest of the fat as we are all subject to the same lifetime allowance. This all sounds pretty egalitarian but the real-life limits that apply to thin cats have more to do with how much they have got left to invest at the end of each month than any...