In those heady days before the invention of the internet (kids etc), Budget Day was quite a thing for financial services companies. Teams of experts toiled all night to be the first to produce, print and deliver their Budget Reports. And there were no leaks, just rumours (what we now call ‘fake news’).
One that has been trotted out each year for as long as I’ve been in the business is that pension tax relief might go or be cut. This has always provided a nice deadline for advisers to pester clients to pay in to their pensions ‘just in case’. So, if you have cash to pay into your pension, I’d get on with it. Just in case.
