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Episode 45 – Addressing speculation ahead of Labour’s first Budget

In this episode of In the know

In this episode, Neil Clarke and Shaun Braybrook discuss the rumours they have heard ahead of the Budget and the likelihood of Labour making specific tax-related changes. They discuss:

  • pension tax-free lump sums;
  • tax relief on pension contributions;
  • how pensions are treated for Inheritance Tax purposes;
  • the introduction of a ‘Wealth Tax’;
  • altering Capital Gains Tax;
  • increasing the rate of Inheritance Tax for the largest estates;
  • Business Relief; and
  • changes to ISAs.

Important information

The contents of this podcast do not constitute financial advice. Acting on speculation by making changes to your financial planning arrangements could very well be the wrong thing to do, as the rumours may prove to be totally without any foundation. This has been prepared based on our current understanding of UK Law, Taxation and HMRC practice, all of which could be subject to change in future.

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Episode 45 - Addressing speculation ahead of Labour's first Budget

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