Mr Hunt is keen to bolster Britain’s workforce as he looks to deliver on the Prime Minister’s pledge of growing the UK’s stalling economy. The lifetime allowance currently stands at £1.07 million, with savers incurring tax after that personal pension pot threshold has been exceeded. Reports differ about how much Mr Hunt could put the LTA up by in his fiscal statement on Wednesday. It was due to stay at £1.07 million until 2026 but Mr Hunt could choose to bring a change forward. Mr Hunt said: “Soaring bills are hitting us all hard, and community pools have been thrown in the deep end.

Source: The Times March 14, 2023 11:04 UTC