Question to the Department for Education:

To ask His Majesty's Government what assessment they have made of the impact of changes to the tax free limits to lifetime pension pots on the retention of head teachers in England and Wales.

The department considers a wide range of policy matters with the Teachers’ Pension Scheme Advisory Board to ensure that the pension continues to be a key benefit in attracting and retaining teachers and head teachers in England and Wales.

The lifetime allowance for pensions is being maintained by HM Treasury at its current level of £1,073,100 until April 2026. This allows head teachers and other savers to continue to make significant amounts of pension savings tax-free, while ensuring incentives to save are targeted across society.

The government keeps all aspects of the tax system under review, as part of the annual Budget process, and in the context of the wider public finances.