> The argument against unlimited tax free contributions is that above a certain point it becomes a tax break only for the rich. That's where the lifetime cap c

> The argument against unlimited tax free contributions is that above a certain point it becomes a tax break only for the rich. That's where the lifetime cap comes in I guess. £1M isn't that crazy over a ~40 year timeframe for someone on a high income who isn't necessarily 'rich' and, at current annuity rates, won't buy you absolute luxury in retirement.