Advisers express dismay over IHT Autumn Statement absence

PA speaks to advisers about yesterday’s Autumn Statement

Sahar Nazir
clock • 3 min read

Inheritance tax (IHT) did not emerge as a topic in yesterday’s (22 November) Autumn Statement, despite industry-wide speculation.

Although it was previously reported that Chancellor Jeremy Hunt was considering cutting it from 40% to 20%, he did not mention any changes to IHT in the budget. The tax-cutting statement instead focused on business tax breaks and cuts to National Insurance. IHT will still be charged at 40% for estates worth more than £325,000. The absence of any mention of IHT has prompted diverse reactions from financial advisers, shedding light on potential implications and missed opportunities. Chartered financial planner Alasdair Walker told Professional Adviser that he was not surprised that t...

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 Tax planning

Keir Starmer's refusal to rule out wealth tax labelled 'telling'

Keir Starmer's refusal to rule out wealth tax labelled 'telling'

Continued speculation around how the Labour govt might raise revenue

Isabel Baxter
clock 11 July 2025 • 2 min read
Business owners' estates: When cash can be a problem

Business owners' estates: When cash can be a problem

A complex, often overlooked threat

Andrew Aldridge
clock 11 July 2025 • 4 min read
IHT/pensions shake-up threatens SME commercial property owners

IHT/pensions shake-up threatens SME commercial property owners

Evelyn Partners warns thousands of businesses are at greater risk

Jenna Brown
clock 07 July 2025 • 4 min read