18/06/24
Visit our 2024 General Election hub for the latest insights and analysis: https://www.hl.co.uk/uk-general-elect...

Key Topics:
Pension tax allowances: The Conservatives have pledged not to introduce any new taxes on pensions, while Labour has not made a clear commitment and may consider a flat rate of tax relief.

Tax free cash and tax relief on contributions: These are important benefits for pension savers and should be maximised while they remain available.

Pension tax changes under Labour: There is uncertainty and speculation about what Labour might do if they come to power, but no concrete policy has been announced.