[Jimbuna]

This worries me because I'm fresh out of new ideas and I've exhausted current financial allowances.

What to do now to shield your money from Labour

With a general election pencilled in for the autumn, Labour’s charm offensive on tax has cranked into overdrive.

Speaking in Davos this week, shadow chancellor Rachel Reeves hinted at tax cuts for top earners as she tried to recast Labour as the party of growth.

Lowering taxes on “working people” remains a priority, she said, including those paying the highest 45p rate.

A multi-year campaign of Tory stealth taxes means Britons are buckling under the heaviest tax burden since the 1940s.

Yet despite Ms Reeves comforting words the pain could be about to get worse.

Labour insists it has “no plans” to increase rates of income tax, or to introduce a wealth tax. But plans change, and the party’s proposals to add levies to private schools, reimpose limits on pension savings and scrap “non-dom” status are fueling fears of wider tax hikes.
Many middle-class Britons are worried about what a Labour government would mean for their money and are rearranging their financial affairs accordingly.

Sitting back and banking on an electoral upset is becoming a worse idea by the day. The most extensive YouGov polling for half a decade predicts a Tory wipeout in the Commons, cut down to just 169 seats to Labour’s 385.

“The question isn’t whether Labour will get in, but what they’re going to change when they do,” says David Lesperance, founder and head of international tax advice firm Lesperance & Associates.
https://www.msn.com/en-gb/money/othe...3af27faf&ei=14