'The first of many lasts' – Marking a different tax year end

Advisers have had to digest a raft of tax changes, including some unveiled by chancellor Rachel Reeves in recent years following the 2024 Autumn Budget. Financial planners and their clients have been getting to grips with capital gains tax changes, the abolition of the lifetime allowance, and the fact that pensions are going to be subject to inheritance tax (IHT) from April 2027. Meanwhile, as part of the 2025 Autumn Budget, the government unveiled plans to cut the upfront income tax relief for VCTs from 30% to 20% from April 2026, to the consternation of industry experts who slammed ...