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...

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