PA Panel: Advisers expect Budget CGT and income tax raid

More than 80% of the Professional Adviser Panel think Chancellor Alistair Darling will hike CGT from its current 18% level when he unveils his Budget on 24 March. Commentators have predicted CGT could return to the rate of income tax, and several Panel members agree this is a likely outcome of next week's Budget statement. Almost two thirds think income tax could be increased, while 45% are concerned pension tax relief could come under fire once again. Pensions experts, including the National Association of Pension Funds (NAPF) are hopeful the Chancellor will reduce the annual allo...