After a very busy Autumn Budget, the Spring Statement revealed little in the way of taxation changes with more of a focus on tackling tax evasion in a bid to close the tax gap. Whilst the Chancellor Rachel Reeves did not introduce any new tax changes, several measures announced in
From April 2027, pension funds will be subject to Inheritance Tax (IHT). While there is still some time before these changes take effect, most individuals will need to give serious consideration to their planning strategies and potentially take action before April 2027. Before you start planning, there are several factors
Scottish Income Tax The Finance Secretary announced that there would be no additional income tax bands introduced, and they would continue with the six-band structure for 2025/26. Ms Robison also confirmed there would be no changes to the rates of income tax, meaning Scottish taxpayers will continue to face higher
In light of these announcements, we have provided you with our snapshot on the changes and how they might impact you and those around you.
There are growing concerns that potential changes to Inheritance Tax (IHT) Business Relief could be announced in the upcoming Budget, with rumours that the relief could now be capped at anywhere between £500,000 and £1m per person. Business Relief reduces the value of a business for IHT purposes. The relief
We now know that the Labour Party has been elected to lead the UK government. It’s been over 14 years since Labour were in power and now, with a pledge to get “Britain’s future back”, their first steps for change are to: Additional Labour Party policies you should be aware
Our pensions specialists have analysed the Spring Budget and summarised their findings. Read about what you should know, ahead of the changes coming into effect on 6th April.
On 19th December, Scottish Finance Secretary Shona Robison unveiled the Scottish Government’s 2024/25 budget plans in what she described as turbulent circumstances: a turbulence which the SNP opted to largely direct towards Scotland’s high earners in the form of income tax hikes.
After a very busy Autumn Budget, the Spring Statement revealed little in the way of taxation changes with more of a focus on tackling tax evasion in a bid to close the tax gap. Whilst the Chancellor Rachel Reeves did not introduce any new tax changes, several measures announced in
From April 2027, pension funds will be subject to Inheritance Tax (IHT). While there is still some time before these changes take effect, most individuals will need to give serious consideration to their planning strategies and potentially take action before April 2027. Before you start planning, there are several factors
Scottish Income Tax The Finance Secretary announced that there would be no additional income tax bands introduced, and they would continue with the six-band structure for 2025/26. Ms Robison also confirmed there would be no changes to the rates of income tax, meaning Scottish taxpayers will continue to face higher
In light of these announcements, we have provided you with our snapshot on the changes and how they might impact you and those around you.
There are growing concerns that potential changes to Inheritance Tax (IHT) Business Relief could be announced in the upcoming Budget, with rumours that the relief could now be capped at anywhere between £500,000 and £1m per person. Business Relief reduces the value of a business for IHT purposes. The relief
We now know that the Labour Party has been elected to lead the UK government. It’s been over 14 years since Labour were in power and now, with a pledge to get “Britain’s future back”, their first steps for change are to: Additional Labour Party policies you should be aware
Our pensions specialists have analysed the Spring Budget and summarised their findings. Read about what you should know, ahead of the changes coming into effect on 6th April.
On 19th December, Scottish Finance Secretary Shona Robison unveiled the Scottish Government’s 2024/25 budget plans in what she described as turbulent circumstances: a turbulence which the SNP opted to largely direct towards Scotland’s high earners in the form of income tax hikes.
