Advisers reveal biggest tax year end challenges

The provider polled more than 470 advisers and asked them for the biggest challenge they face as the tax year comes to an end. Some 55% of advisers they said struggle with a lack of time, meanwhile just over a quarter (26%) said their biggest challenge was understanding the tapered annual allowance. Just less than a fifth (19%) meanwhile said it was tax planning for capital gains tax. In the 2015 Budget, then-Chancellor George Osborne announced the pensions annual allowance would be reduced for those earning above a certain threshold. Individuals with an ‘adjusted income' of more than...