I guess Rishi had other things on his mind, but, once again, the only Budget changes to pensions amounted to a bit of tinkering. The amount doctors and others can earn before their pension annual allowances are hit has been increased and, for probs the 40th year in a row, the ‘pension tax relief to be cut’ rumour has proven to be just a rumour. No changes, either, to Inheritance Tax; but, for those planning to sell their businesses and retire, a pretty big cut in capital gains tax relief. So you’re stuck with me for a few more years. Soz.
“Why you should never retire”
On my 50th birthday, I will always remember, amongst the card or two I received was a letter from Saga’ who’d managed to find out my age through the wonder of the internet, and were pleased to tell me I now qualified to join my parents and go on holiday with them.
