Budget 2016: What can we expect from Osborne?

Another austerity Budget

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 tax...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Early Powell departure could be an 'unexpected gift' for EMs

Early Powell departure could be an 'unexpected gift' for EMs

Trump claims he will replace chair sooner

Eve Maddock-Jones
clock 01 July 2025 • 3 min read
BoE's Andrew Bailey: Pick-up in inflation makes outlook uncertain

BoE's Andrew Bailey: Pick-up in inflation makes outlook uncertain

UK inflation at 3.4%

clock 27 June 2025 • 2 min read
Jerome Powell warns of long term inflation if Trump settles on higher tariffs indefinitely

Jerome Powell warns of long term inflation if Trump settles on higher tariffs indefinitely

Policies' economic impacts ‘uncertain’

Eve Maddock-Jones
clock 25 June 2025 • 3 min read
Trustpilot