Autumn Budget Cancelled

Oct 20, 2020

The Autumn Budget has been cancelled, due to the economic impact of Coronavirus.

The Treasury confirmed it has shelved plans for its anticipated financial update, which usually takes place in October or November each year.

It is instead, focusing on the implications of the ongoing Coronavirus crisis.

This means that we will have to wait until the Chancellor’s Spring Statement in 2021, to see if there are any new changes likely to impact pensions, including tax relief.

More information will be posted in our news section, as soon as it is announced.

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Each of Railpen Limited (registered in England and Wales No. 2315380) and Railway Pension Investments Limited (RPIL) (Registered in England and Wales No. 1491097) is a wholly owned subsidiary of Railways Pension Trustee Company Limited (Registered in England and Wales No. 2934539). Registered office for each company: 100 Liverpool Street, London EC2M 2AT. RPIL is authorised and regulated by the Financial Conduct Authority for some of its activities. The administration of occupational pension schemes is not a regulated activity. Full details about the extent of RPIL's authorisation and regulation by the Financial Conduct Authority are available from us on request.