Higher earners in the UK are facing significant tax concerns ahead of the Budget on October 28. Young people earning over £100,000 risk losing valuable tax breaks, while wealthy older people face additional fears over possible raids on their savings, investments, property and estates. Sarah Coles, head of personal finance at AJ Bell, said: "When you're on a higher income, especially if you have built assets, the stakes are higher. At the same time, some of your options become more complicated." This is why speaking with a financial adviser ahead of the Budget could be a good idea, she adds. AJ Bell warns that 1.3m people will pay the 45% additional rate this year, more than double the number from 2021/22.
