The Chancellor makes his pre-budget statement on Wednesday (9th December) and the media are already starting to speculate on what might be announced – no doubt the rumours will intensify in Sunday’s papers.

It has been widely speculated that higher-rate tax-relief on pension contributions might be further reduced or even abolished following the recent restrictions on those earning £150,000 or more. Some commentators feel that that earnings threshold might be reduced to a lower figure.

Today’s Financial Times speculates that Inheritance Tax might be increased to 50% in line with next year’s top rate of income tax. EBS will prepare a summary of the facts as soon as they are known, however, if you would like advice ahead of next week’s announcement please get in touch.

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