Chancellor of the Exchequer, Rachel Reeves, has delivered her first Budget. Despite a rumour mill that was even more frenzied than usual, and the threat of £40bn in tax rises and spending cuts, there were few directly pensions-related announcements. Most notably, major changes to the inheritance-tax treatment of pensions are coming. This will bring significant new burdens for scheme administrators, although not until April 2027.

Our 60-second summary shares the key pensions news from this Budget. 

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Upcoming webinar

Join us on 6 November for our webinar, where we'll unpack the Autumn Budget in more detail. Our experts will share their initial thoughts on the budget announcements, explore what the changes could mean for pension schemes, employers and savers, and discuss the actions you should be considering in response.

If you have any questions on anything covered, please don't hesitate to get in touch.