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On 6 March 2024, Chancellor Jeremy Hunt delivered his Spring Budget, setting out the Government’s key commitments and objectives for the UK economy.

Since 2006, pension savings have been subject to a Lifetime Allowance (LTA), which places a limit on the overall value you can build up across all your pensions before having to pay additional tax.

We’ve recently released our Climate Disclosure Report, which tells you what we’re doing to make sure we’re investing the Plan’s assets in environmentally sustainable ways.

As we start another new year, you may find this a good time to do some financial planning. It’s important to think about the potential challenges and opportunities that you could face in achieving financial wellbeing, with a broader perspective on the current economic conditions. Figuring out how your TotalEnergies pension fits in with that bigger picture could be a helpful first step. If you want to check the current position of your pension, why not visit our member portal?

On 22 November 2023, Chancellor Jeremy Hunt delivered his Autumn Statement, setting out the Government’s key commitments and objectives for the UK economy. The announcement contained some measures that could affect your pension planning.

We recently launched our new editions of Pension Update, providing you with the latest news from the Defined Contribution and Defined Benefit sections of the Plan.