Brewin Dolphin's six Budget predictions

New limits on pensions tax relief, a boost for VCTs, and a simplification capital gains tax law are some of the likely headlines from next week's Budget, according to Brewin Dolphin.

Pensions Chancellor George Osborne is set to restrict what can be held in pension schemes, with possible new limits on tax relief. “The government has put in place measures to further limit tax reliefs to those thought of as wealthy,” said Richard Harwood, divisional director of financial planning. “It would seem that there is political will to restrict tax reliefs so the limits may be tightened further in future, but there is a danger that these will again hit the ‘squeezed middle’.” VCTs/EISs Investment limits in VCTs and EISs could also be lifted, but restrictions on what can b...