Spring Budget 23: A close look at what advisers must watch for

Chancellor Jeremy Hunt will lay out his plans in parliament later today

Hope William-Smith
clock • 6 min read

Amid a rocky and turbulent start to the year economically, advisers will have a few key things to keep their eyes on today (15 March) when the 2023 Spring Budget is unveiled.

Jeremy Hunt is set to present his first Spring budget as chancellor this afternoon following his appointment under former prime minister Liz Truss last October. His Autumn Statement only a few weeks later was reasonably mild for the advice world, with IFAs generally agreeing that it was a good time to reassess the structure of clients' wealth. Fast forward six months however and the landscape is noticeably busier, with the package of measures later today rumoured to include a major increase to the lifetime tax allowance (LTA). "Tomorrow is his chance to give much-needed detail abou...

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

Is being Chartered worth it? Breaking down the perennial dissensus

Is being Chartered worth it? Breaking down the perennial dissensus

‘Many non-Chartered advisers are just as competent as those who are’

Hope Coumbe
clock 10 May 2024 • 4 min read
Andrew Goodwin: Financial advice and the Evangelista effect

Andrew Goodwin: Financial advice and the Evangelista effect

'Future of advice lies in independence, approachability and affordability'

Andrew Goodwin
clock 10 May 2024 • 4 min read
Aviva integrates robotic process automation into platform capabilities

Aviva integrates robotic process automation into platform capabilities

Robotic process automation removes need for client by client process

Sahar Nazir
clock 09 May 2024 • 1 min read