Hence the need to consider at least, a personal pension for the wife/husband/girlfriend/boyfriend/cat/dog. Anything to use up their personal annual tax allowance and not just yours
An excellent demonstration of why a balanced portfolio is vital, and not necessarily balanced just across sectors but also across instruments. It's why I am sticking with the AFPS pension and putting what I can into stocks and shares ISAs. Assuming the current rules remain extant going forward, I will hopefully have a pension and source of tax free returns / income which will mitigate some of the rules which give with one hand and take away with the other.