Rachael Griffin, tax and financial planning expert at Quilter, said: “In general the message is clear from the government and the OTS. Use your allowances now or lose them.
“Changes are on the horizon and while it is not suitable for everyone to change their financial plans because of mere policy speculation it is worth your while to review in light of what will inevitable be a more harsh tax environment.”
What do you think about the issues raised by this story? Email us on firstname.lastname@example.org to let us know.