Got a pension through work? Take cover now

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It is that time of year when financial experts turn their attention to what rabbits the Chancellor of the Exchequer is likely to pull out of his hat in the Budget. 

This year Budget Day is Wednesday, March 8, and we will have a new Chancellor posing before Number 11 Downing Street before trotting off to the House of Commons to deliver it. 

No more of George Osborne, it will be Philip Hammond’s moment to shine.

Expectations: The Chancellor is expected to increase the annual Isa allowance this year

There are a host of measures already in train that will kick in once the new tax year starts.

Some pleasant – increases in the personal allowance, the higher rate income tax threshold and the annual Isa allowance. 

Some not so – for example, the nasty increase in insurance premium tax that will result in higher premiums on everything from home cover to private…

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