Advisers say personal allowance rise is biggest Budget win
Almost two-thirds of advisers believe a rise in the personal allowance to £12,500 will have the most positive impact on clients, according to the latest FTAdviser Talking Point poll.
The poll asked advisers to choose which of the four Budget 2018 announcements will have the most positive impact on their clients.
A total of 64 per cent said the £650 increase in the amount clients will need to earn before they have to start paying income tax from April 2019, while 21 per cent said the increase in the lifetime allowance (LTA) to £1.05m from April next year.
Jamie Smith, Partner and financial adviser at Foster Denovo, agreed with the result.
But he said: “If we were to consider this question at an individual level, I would disagree as I believe the increase in LTA has the potential to have the biggest impact.”
Read the full article on FT Adviser.