Pension alert: use up your allowance before next Monday (29/10)

[cojak]

Just in case you’re not aware - there’s a strong rumour that Hammond is going to reduce or take away the annual pension tax relief on pension contributions.

So it might be a good idea to bring your contribution for this year forward, if you haven’t done so already.

[northernladuk]

Interesting article on what he might or might not do here.
Budget 2018: Will the Chancellor cut tax relief or the 25% tax-free lump sum? Here are eight things he could have in store for pensions | Moneywise

[PerfectStorm]

The chancellor doesn't announce same-day laws during the Budget - you normally have at least a Queen's Speech or two to go before anything comes into force...

[ladymuck]

The chancellor doesn't announce same-day laws during the Budget - you normally have at least a Queen's Speech or two to go before anything comes into force...

True but the changes could come in in April 2019 so Cojack's suggestion of bringing in your contributions into this year (I read that as tax year) is still a good one

[cojak]

True but the changes could come in in April 2019 so Cojack's suggestion of bringing in your contributions into this year (I read that as tax year) is still a good one

Yes, I did mean tax year.

[pr1]

Yes, I did mean tax year.

is this a tax year that ends next Monday (29/10)?

[AtW]

The chancellor doesn't announce same-day laws during the Budget - you normally have at least a Queen's Speech or two to go before anything comes into force...

Excise duty on fuel, booze and tobacco goes up at midnight on budget day

Unlikely he does the same for pensions, it would add insult to injury - assuming he even tries

[cojak]

Excise duty on fuel, booze and tobacco goes up at midnight on budget day

Unlikely he does the same for pensions, it would add insult to injury - assuming he even tries

But you just can’t be too sure about anything these days.

[Lance]

But you just can’t be too sure about anything these days.

Correct. But he'd be insane to drop a pension tax relief at midnight on budget day.
I think that this will be in the budget but not in effect till at least April 2019, or maybe even later.

[AtW]

But you just can’t be too sure about anything these days.

The only thing we can be sure about is that the deal is going to get worse all the time...