Pension Tax Relief - What's New in the Budget?

The annual allowance is the amount that you can put into a pension free of tax each year and an abolition of the lifetime allowance. Up till now, you've only been able to have about a million pounds in a pension pot. Now you can have an infinite amount of money in a Pension pot without it attracting additional tax. The 25% you can get taxed three out of a pension has been capped at the current roughly £1 million. But there are still some other beefy tax reliefs sitting there just to highlight one. You can pass on a pension completely for inheritance tax. That is a bad policy anyway. So what we have here is a big picture and maybe some good news that