I guess Rishi had other things on his mind, but, once again, the only Budget changes to pensions amounted to a bit of tinkering. The amount doctors and others can earn before their pension annual allowances are hit has been increased and, for probs the 40th year in a row, the ‘pension tax relief to be cut’ rumour has proven to be just a rumour. No changes, either, to Inheritance Tax; but, for those planning to sell their businesses and retire, a pretty big cut in capital gains tax relief. So you’re stuck with me for a few more years. Soz.
“Cash ISA allowance could be cut this month”
Our mantra has long been ’straightforward advice that you can understand’. That can mean trying to simplify the many complex products and options with which the world of finance tries to befuddle its target audience.
