Labour accused of planning secret 10% death tax - papers

clock

The Tories have stepped up their onslaught on Labour over social care, claiming that the Government was secretly planning to charge a £50,000 inheritance tax levy on people with estates of £500,000.

The claim was made after it emerged that pollsters Ipsos Mori, who carry out research for the Health Department, conducted a survey in which people were asked if they would pay a ten per cent levy of their estate when they died to cover the cost of care for the elderly, according to The Daily Mail. The poll included an example of a person with an estate of £500,000, of which £50,000 went to the taxman. Shadow Chief Secretary Philip Hammond said: ‘The more we see of Labour's death tax plans, the more shocking they will appear to people. Full story...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Advisers warned against 'tick-box' cashflow modelling

Advisers warned against 'tick-box' cashflow modelling

Cashflow modelling ‘only as good as the information you put in’

Sahar Nazir
clock 06 November 2025 • 5 min read
Azets Wealth expands in South West with Evans Falco acquisition

Azets Wealth expands in South West with Evans Falco acquisition

Evans Falco will join Azets’ operations later this year

Sahar Nazir
clock 06 November 2025 • 1 min read
SJP firm Twelve Wealth Management acquires fellow partner practice

SJP firm Twelve Wealth Management acquires fellow partner practice

Managing director Matt Smith joins the firm

Isabel Baxter
clock 05 November 2025 • 1 min read