As of 2026, the Rachel Reeves pension lump sum rules maintain that savers can generally access 25% of their pension pot tax-free, subject to a maximum cap of £268,275. While the Autumn Budget introduced significant changes to how unused pensions are treated for Inheritance Tax starting in April 2027, the core entitlement to the tax-free lump […]

The prospect of a pension tax-free lump sum to be scrapped has dominated recent headlines, yet for the 2026/27 tax year, the 25% tax-free entitlement remains a cornerstone of UK retirement planning. While the Treasury has introduced more rigid limits via the Lump Sum Allowance (LSA), there is currently no legislative move to abolish this […]