Draft Pensions (Abolition of Lifetime Allowance Charge etc) Regulations 2026 Debate
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Mark Garnier
Main Page: Mark Garnier (Conservative - Wyre Forest)Department Debates - View all Mark Garnier's debates with the Department for Work and Pensions
Draft Pensions (Abolition of Lifetime Allowance Charge etc) Regulations 2026
Mark Garnier Excerpts(1 month, 2 weeks ago)
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Mark Garnier (Wyre Forest) (Con)
I was going to bang on with a very long and intelligent speech, but in the interests of brevity and keeping everybody happy, I will not. I am delighted that the Minister is introducing legislation relating to the glorious regime of the strong and stable Conservative Government of 2020 and the 2023 Budget. This policy was slightly bonkers. We need to do everything we can to encourage people to save and not put a cap on their savings. I am tempted to go on about salary sacrifice, but I will spare the Minister the embarrassment of reminding him about that. We will certainly not oppose these regulations.