'Advisers must spring into action following chancellor’s Budget'

It is not only the chancellor who has a balancing act.

After a decade of low inflation and interest rates, those factors have increased in prominence in tax planning.

Deferrals of liabilities need to be weighed up in light of the advantage in paying tax later on but tax thresholds being frozen or cut in the new year.  

Tim Walford-Fitzgerald is a private client partner at HW Fisher