So the budget is fast approaching and there is lots of guesswork going on as to what is likely to happen.

A raise in the capital gains tax rate is more probable than possible, so sell now while stocks last is the way forward, if you are in the lucky position of having made capital gains.

However lower on the radar is higher rate tax relief on pension contributions. If you are one of those people who earn over £100,000 a year – read on.

The current restrictions on pension tax relief for those with incomes exceeding £130,000 has already been stated. However, could they widen the net further and reduce the level at which the restrictions apply?

With only around 1% of people earning over £100,000 and around 60% of the tax relief on pension contributions going to higher rate tax payers, it may be worthwhile taking the risk on losing a small number of votes to gather in more much needed tax income.

You need to act now if you want to take advantage of the current reliefs!