Following on from the increases above, the Chancellor will present his next budget on Monday 27 October 2021. It is highly probable that further increases in taxes etc will be announced. Some changes may even take effect from midnight that day.
The rumour mill indicates a potential rise in Capital Gains Tax rates (to possibly align them with income tax rates) and slashing the tax relief on pension contributions.
If considering realising gains or making pension contributions, it may be better to do so sooner rather than later.
