Predictions are multiplying with the Budget speech only a month away; reductions in pension relief, reductions in SDLT, reductions in Enterprise Investment Scheme relief, are examples, or perhaps hopes...? Do talk to us if you would like to discuss pre-Budget planning.
Chancellor of the Exchequer, Phillip Hammond, has announced that the first Autumn Budget will be delivered on Wednesday, 22 November 2017. As we’ve already had a Spring Budget this year, it’s unlikely that there will be too many major changes. However, there are rumours that the Chancellor is plotting a raid on older workers in order to fund tax breaks for younger people. Dubbed the "tax on age", the plan could see pension tax relief for older workers cut while workers in their 20s and 30s enjoy a reduction to their National Insurance Contributions.