Autumn Budget 2024: Sweeping overhaul of inheritance tax regime revealed Economics Alongside the changes to pension pots, the Chancellor said she was changing the taxation of gifts passed on during someone's lifetime.
‘Hugely damaging’: AJ Bell warns Reeves against pension tax raid Investing AJ Bell has added to mounting calls for Rachel Reeves to retreat from a raid on UK pensioners today as it warned rumours of the government’s tax plans were “hugely damaging” and “making people fearful about long-term saving”. In a call to the Chancellor, the FTSE 250 savings and investment platform, which is headquartered in [...]
IFS backs death tax on ‘flawed’ capital gains to boost growth Investing The “whole design of capital gains tax is flawed,” the Institute for Fiscal Studies has claimed, advocating for a complete overhaul of the tax rather than simply raising it. The influential think tank has advocated for scrapping the tax break of capital gains at death today, arguing that it creates a large incentive for people [...]