Autumn statement 2023 – Jeremy Hunt announces tax cuts, State Pension triple-lock guarantee and a new lifetime pension

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Here’s what you need to know about Chancellor of the Exchequer Jeremy Hunt’s 2023 autumn statement.

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

Published on 22 November 2023

It was correct at the time of publishing. Our views and any references to tax, investment and pension rules may have changed since then.

Chancellor Jeremy Hunt delivered the 2023 autumn statement today.

From National Insurance (NI) cuts and a triple-lock State Pension guarantee for April 2024 to a possible new ‘lifetime pension’, Hunt laid out his plan to help ease the cost-of-living squeeze, reduce government debt and ‘turbo-charge’ UK economic growth.

Here are some of the main takeaways from the autumn statement and what it could mean for you and your money.

This article isn’t personal advice. Investments can fall as well as rise in value, so you could get back less than you invest. If you’re unsure what’s right for your circumstances, ask for financial advice.

Pension, ISA and tax rules can change, and benefits depend on individual circumstances.

Susannah Streeter, Head of Money and Markets

Given the latest forecasts from the Office for Budget Responsibility (OBR), Houdini Hunt might be able