Hunt's pension cap scrap slammed 'bizarre' as it 'widens inheritance loophole for wealthy'

Hunt scrapped the Lifetime Allowance During the budget, chancellor Jeremy Hunt scrapped the Lifetime Allowance in a bid to get Britons working longer. The lifetime allowance is set by the Government and limits the total amount people can build up in pension benefits over their lifetime while still enjoying the full tax benefits. Related articles His decision has been criticized as “bizarre” by the UK’s leading economics research institute, which says it creates an unjustified extra inheritance tax loophole for …