In response to the Spring Budget, accountants have voiced mixed opinions on the government’s plans for the economy, with some dissatisfied on its lack of incentives for small businesses, which continue to suffer because of spiralling energy costs and increased wages.

While benefiting higher earners, some are pleased of the changes to the lifetime allowance and the annual cap on contributions, which will encourage older and highly skilled professionals to return or remain in their posts, rather than take an early retirement.