The pre-Budget report delivered by Alistair Darling last December proposed little in the way of tax changes. The state of the public finances allowed for no generosity, while the election cycle meant only a few tax rises were announced.
As in the summer’s Budget, it is the ‘anti-forestalling’ pension contribution changes that will bite straightaway for many partners, who will also find aspects of the detail particularly iniquitous. However, before looking at these, let’s just recap on the basic personal tax changes that are likely to impact upon most partners.
