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John Healey lump sum pension rule update ahead of autumn announcement

Experts warn that speculation over pension tax changes could push savers to withdraw cash early, with 25% of pension pots currently tax-free.

Summary by Birmingham Mail
Mr Healey was appointed Chancellor by new Labour Party Prime Minister Andy Burnham last Monday.

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The Cabinet approved an income tax exemption for military personnel participating in the early retirement program. Both financial assistance and pension contributions will not be included in tax calculations.

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On July 27, Ms. Lalida Periswiwatana, Deputy Spokesperson for the Prime Minister's Office, revealed that the Cabinet...

·Thailand
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iNews broke the news in London, United Kingdom on Monday, July 27, 2026.
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