The Treasury confirmed it has shelved plans for its anticipated financial update, which usually takes place in October or November each year.
It is instead, focusing on the implications of the ongoing Coronavirus crisis.
This means that we will have to wait until the Chancellor’s Spring Statement in 2021, to see if there are any new changes likely to impact pensions, including tax relief.
More information will be posted in our news section, as soon as it is announced.
Also in this section
Railways Pensions is powered by RPMI Ltd
© Railway Pensions Ltd 2020. Registered Office: 7th Floor, Exchange House, 12 Exchange Square, London, EC2A 2NY
Railway Pension Investments Limited (RPMI Railpen) is authorised and regulated by the Financial Conduct Authority for some of its activities. The administration of occupational pension schemes is not a regulated activity. Full details about the extent of RPMI Railpen's authorisation and regulation by the Financial Conduct Authority are available from us on request.