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

The Platforms Association launches UK's first transfers charter

The Platforms Association launches UK's first transfers charter

Designed to modernise investment transfers

Sophia Panayi
clock 25 June 2026 • 2 min read
Half of UK advisers cannot see clients' crypto assets

Half of UK advisers cannot see clients' crypto assets

Research from CoinShares

Sophia Panayi
clock 25 June 2026 • 2 min read
SENDA launches first accredited training courses for special needs planning

SENDA launches first accredited training courses for special needs planning

Full certification programme to follow

Sophia Panayi
clock 25 June 2026 • 3 min read