Budget 2017 and Last Minute ISA Tips

SPECIAL REPORT: Investors - you have less than a month before the end of the tax year. Read on for last minute ISA ideas and top coverage of this week's Budget report 

Emma Wall 6 March, 2017 | 10:21AM
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Budget week has started with a bang: a merger between two asset managers to create the largest fund provider in the UK – and who said Brexit would break up the City? It is unlikely to be the only surprise for investors this week either. Chancellor Philip Hammond is currently making the final edits to his Budget speech, due to be read to Parliament on Wednesday and expected to have good news for families, savers and small businesses.

However, it will not all be good news for investors – predictions are filtering through that Hammond may be tempted to do a tax grab on pensions.

“The pensions tax relief system has clearly become a jumbled mess and is overdue a shake-up. Despite what George Osborne did and what the current Chancellor has threatened to do, the Treasury may still want to raise more money by cutting pension tax relief further,” warns Jim Stevenson, pensions technical manager at Ascot Lloyd.

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About Author

Emma Wall  is former Senior International Editor for Morningstar