Industry wish list: What do you want from the Budget?

Remove MPAA, amend IHT

Hannah Godfrey
clock • 3 min read

Leaving the MPAA as it is, a hands-off approach to pensions and amendments to the inheritance tax system were all cited by the industry as issues they want to see addressed in the Budget.

Although the general consensus among industry experts was Wednesday's Budget would be a quiet one, they did not completely rule out any rabbits lurking in the Chancellor's hat. A common item on the industry's wish list was the government rethinking or at least delaying changes to the money purchase annual allowance (MPAA) proposed in last year's Autumn Statement.  The changes, which would see the MPAA cut from £10,000 to £4,000, had already provoked criticism from the industry during its consultation, so it's unsurprising the industry is hoping for a policy reversal. Fidelity I...

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

Willingness to pay for financial advice falls as other options open up

Willingness to pay for financial advice falls as other options open up

Perceived need for financial advice has fallen, Boring Money report finds

Isabel Baxter
clock 13 June 2025 • 2 min read
Women in Financial Advice Awards 2025: Complete your entries!

Women in Financial Advice Awards 2025: Complete your entries!

Entry period closes on 20 June

Professional Adviser
clock 12 June 2025 • 1 min read
Robo-advisers 'disrupting' self-directed client segment

Robo-advisers 'disrupting' self-directed client segment

Emotional value of advice still a ‘completely human endeavour’

Isabel Baxter
clock 12 June 2025 • 3 min read