Budget 2010: Bamford on the CGT hike

clock •

Chartered financial planner Martin Bamford says some clients may have been subjected to "poor advice" if they had been encouraged to realise gains ahead of today's lower-than-forecast CGT hike.

Higher-rate taxpayers will face a 10% hike in the rate at which they pay CGT, Chancellor George Osborne announced today. From midnight tonight, the rate at which the tax is charged will increase from 18% to 28% for higher earners. Here is what Martin Bamford, of Informed Choice, had to say: "The CGT increase is certainly better than expected. We were concerned it might have been back-dated to the start of the tax year, or that taper relief would be re-introduced, but none of those things happened, so it could have been a lot worse. "When we are advising clients, a simple CGT sys...

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 Your profession

Advised clients want more personal investment communication

Advised clients want more personal investment communication

Four in ten say comms focused more on product than goals

Jenna Brown
clock 12 November 2026 • 3 min read
How economic abuse manifests itself in pensions, mortgages and protection

How economic abuse manifests itself in pensions, mortgages and protection

Second in a three part series

Shelley Read
clock 11 November 2026 • 5 min read
Celtic FP founder launches online admin platform for advisers

Celtic FP founder launches online admin platform for advisers

‘Developed by people who understand the industry’

Jenna Brown
clock 10 November 2026 • 2 min read