Pensions industry welcomes a lighter political touch

THE pensions industry has welcomed the Budget, describing it as giving certainty to savers.

The lifetime allowance for pension savings rises to £1,030,000 for 2018-19, while the annual Isa subscription limit is unchanged at £20,000, and the annual limit for Junior Isas and Child Trust Funds will be uprated in line with inflation to £4,260.

Tom Mcphail, of Hargreaves Lansdown, said a lack of big changes “is a welcome relief after years of political interference.”