Quote Originally Posted by Swiss Peter View Post
Well, if you have more than £1.07m in your pension pot you have the potential to do rather better out of this than with previous arrangements. So, yes, I agree. The main driver seems to be to entice older high earning NHS staff not to retire early or to come back into work if retired. If it were me, I'd retire earlier and spend the extra dough!
I'm sure someone is already calculating the diversion of what is currently just saving/spending into pension savings with the lifting of the lifetime maximum tax-free contributions.

I have a feeling there will be a lot of people caught out by thinking they will live forever and paying death duties.

You may well be right in terms of spend it while you can.