HM Revenue & Customs is implementing the abolition of the Pensions Lifetime Allowance (LTA), a long-standing cap on tax-relieved pension savings. The reform involves amending regulations under the Finance Act 2004 to remove the charge and associated administrative requirements for registered pension schemes.
In response to: Finance Bill 2025-26: Report Stage
In response to: Lifetime Allowance abolition — amendment of power to make further regulations
Consideration of Bill, not amended in the Public Bill Committee Clause 2 Extent and Commencement 10:32:00 Dr Thérèse Coffey (Suffolk Coastal) (Con): I beg to move amendment 1, page 1, line 22, leave out from “force” to end of line …
Second Reading 09:35:00 Mr Laurence Robertson (Tewkesbury) (Con): I beg to move, That the Bill be now read a Second time. This very small Bill is narrow in scope, but it will provide financial assistance and fairness to people who …
Second Reading (and remaining stages) 18:47:00 Bill read a second time. Committee negatived. Standing Order 46 having been dispensed with, the Bill was read a third time and passed. House adjourned at 6.47 pm.
First Reading 18:46:00 The Bill was brought from the Commons, endorsed as a money Bill, and read a first time.
Ordered, That the Order of 29 October 2014 (Taxation of Pensions Bill (Programme)) be varied as follows: (1) Paragraphs (4) and (5) of the Order shall be omitted. (2) Proceedings on Consideration shall (so far as not previously concluded) be …
Consideration of Bill, as amended in the Public Bill Committee. New Clause 1 Impact on Government revenues ‘(1) The Chancellor of the Exchequer shall, within a period of no more than two years from 6 April 2015, publish and lay …
Second Reading 13:15:00 The Financial Secretary to the Treasury (Mr David Gauke): I beg to move, That the Bill be now read a Second time. Security in retirement has been a central part of the Government’s agenda. It is important …