Jeremy Hunt’s autumn statement pension reforms – what you need to know

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The government confirmed the second highest State Pension increase since it was introduced and confirmed a consultation on a revolutionary lifetime pension. Here’s how you could be impacted.

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 24 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.

In a groundbreaking move, Jeremy Hunt plans for pension reforms and announced he’ll consult on giving people one pension pot for life. He also put pensioners minds at rest with confirmation on the State Pension triple lock.

These announcements represent a significant step in the right direction, marking a transformative change towards a more positive and secure retirement landscape.

Here’s how these announcements could impact your retirement.

This article isn’t personal advice. If you’re not sure what’s right for you, ask for financial advice. Pension and tax rules can change, and benefits depend on your circumstances.

In Wednesday’s autumn statement, the chancellor announced a call for evidence on the introduction of a lifetime pension. This visionary pension model