For the first time in years the Chancellor has largely left occupational pensions alone. This of course reflects the fact that he has not yet made up his mind whether to revolutionise the long-standing system of pensions tax reliefs. But the decision to move backwards six months the date at which auto enrolled pensions contributions rise means that auto-escalation will now not take effect until April 2018 and April 2019.
The slow burn measure for pensions is the Chancellor’s decision to make buy to let more costly. In the long term this could make pensions a more attractive proposition as individuals look for investments beyond simply property.