Unpacking the autumn budget - what does it mean for pensions?

The new government's first autumn budget included fewer pension impacts than initially expected, says Hymans Robertson.

 

Watch our webinar on demand where Robbie McInroy is joined by Iain Campbell, Susan Black and Ian Colvin, to share their thoughts and key takeaways from Chancellor Rachel Reeves' first budget, delivered on 30 October, and their immediate thoughts on the Mansion House speech.

Amid heightened speculation and concerns over potential tax rises and spending cuts, the budget offered few direct changes for pensions. However, there were two items that are likely to be of particular interest to LGPS funds:

The Government’s consultation to bring unused pension benefits and death grants into scope for inheritance tax purposes.

We’ve compiled two briefing notes to help consider these areas.

• Autumn Budget 2024 – Implications for the LGPS from inheritance tax changes
• Autumn Budget 2024 –  LGPS inclusion in fiscal targets – what might it mean

Speakers: 

• Robbie McInroy, head of LGPS client consulting, Hymans Robertson

• Iain Campbell, head of LGPS investment, Hymans Robertson

• Ian Colvin, head of LGPS benefit consulting, Hymans Robertson

• Susan Black, head of LGPS governance, administration & projects

In partnership with Hymans Robertson

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