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

IHT on pensions 'horribly complex' for personal representatives

IHT on pensions 'horribly complex' for personal representatives

Concerns raised about meeting the six-month deadline

Isabel Baxter
clock 12 November 2025 • 6 min read
WBR Group launches IHT calculator ahead of rule changes

WBR Group launches IHT calculator ahead of rule changes

Will provide three-stage estimation of a client’s potential IHT liability

Sahar Nazir
clock 12 November 2025 • 2 min read
Financial planning 'feels like a different environment right now'

Financial planning 'feels like a different environment right now'

Rio Stedford reflects on how advice has changed since last year’s Budget

Isabel Baxter
clock 11 November 2025 • 5 min read