Budget 2016 predictions for advisers 

Chancellor to speak on Wednesday 16 March

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA 'consistently behind the curve' on British Steel – Complaints Commissioner

FCA 'consistently behind the curve' on British Steel – Complaints Commissioner

Regulator hits back at Complaints Commissioner’s final report

Jenna Brown
clock 26 March 2026 • 3 min read
Advisers warned against 'cost-saving' exercises as FCA proposes ditching annual suitability requirement

Advisers warned against 'cost-saving' exercises as FCA proposes ditching annual suitability requirement

Changes offer an opportunity for more ‘meaningful’ advice

Sophia Panayi
clock 26 March 2026 • 4 min read
FSCS unveils five-year strategy

FSCS unveils five-year strategy

Three core focus areas

Jen Frost
clock 26 March 2026 • 2 min read