Budget 2016 predictions for advisers 

Chancellor to speak on Wednesday 16 March

clock • 4 min read

From radical tax reform to pension dashboard implementation, much has been said about the measures George Osborne could throw at the advice community this year. Amid the furore, we've rounded up some Budget 2016 predictions

The government's reform of the way it awards tax relief on pension contributions has been the star among Budget predictions in recent months. However, a sudden turn of events last weekend pretty much ruled the measure out. A Treasury source told the BBC it was "not the right time" to make changes.   So what's left? 1. Annual Allowance (shock horror) Pension savers' annual allowance could be on the chopping block, after all the Chancellor wants to curb the expense of his tax relief budget - currently stood at about £35bn. Annual allowance (AA) is the amount savers can put away...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Treasury expected to start hunt for next FCA CEO – reports

Treasury expected to start hunt for next FCA CEO – reports

Process to begin in 2025

Sorin-Andrei Dojan
clock 11 November 2024 • 1 min read
Law, not likes: Cracking down on social media financial promotions

Law, not likes: Cracking down on social media financial promotions

‘Every individual social post or communication must comply with the rules’

Sarah Wylie and Owen McLennan
clock 28 October 2024 • 4 min read
How Labour can support investment management vibrancy

How Labour can support investment management vibrancy

The formation of a new government – now just over 100 days’ old – has brightened the spotlight on UK financial services regulation, writes IIMI CEO Dani Hristova

Dani Hristova
clock 28 October 2024 • 4 min read