Simonne and speculation over the end of higher rate tax relief

Any higher rate tax payers out there wanting to make a pension contribution this tax year? 

There’s speculation that the 40% tax relief on pension contributions is under threat and may be capped to the basic level of 20% after the Budget on 22 April. The change could take effect immediately and would mean that the cost of a £10,000 pension contribution would increase from £6,000 to £8,000.

It’s worth acting quickly or talking to a financial adviser if this affects you.