Pension help for middle-class workers as Hunt ‘plans to raise cap in budget’

Chancellor reportedly planning to increase £40,000 annual limit and lifetime allowance

Jeremy Hunt is reportedly planning to give middle-class professionals a pensions boost in next week’s budget to encourage them to continue working.

The chancellor will announce significant increases to pensions allowances in a bid to tackle the “pension trap”, which has seen many workers take an early retirement, according to the Daily Mail.