We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Budget 2023: Tax-free pension limits raised - here's what it means for your savings

MSE_Emily · 2023-03-15 18:38:57

The maximum annual tax-free amount you can save into a pension once you've taken money out of it will rise from £4,000 to £10,000 from 6 April. Meanwhile, the amount you can save into your pension tax-free each year is also set to rise, as is the amount you can save into pensions over a lifetime. The shake-up has been…

Comments

JoeCrystal Posts: 3,417 Forumite

20 March 2023 at 4:39AM

DJDools said:

My son will be classified a 'non-earner' (recent health issues) for 2023-2034 — considering he won't have any earnings coming in, what is the limit he could put into his pension? Is it to remain at £3,600? And is that £3,600 net of pension relief?

Still £2880 net or £3600 gross..

1