Spring Budget decisions motivating client push for more tax efficiency

‘Frozen thresholds are impacting on bonds positively’

Hope Coumbe
clock • 1 min read

The government’s tax tinkering in the March Spring Budget has widened interest among UK savers for more tax-efficient investment vehicles, according to Technical Connection.

Speaking at the Professional Adviser Management Retreat today (16 May), founder Tony Wickenden explained how frozen and reduced thresholds and reduced exemptions are affecting investment wrapper decision making among clients in the 2024/25 financial year. "Frozen thresholds are impacting on bonds positively," he explained. "When you freeze allowances and there is inflation, more people are going to be paying tax, and so the government will be getting more tax. "What started as a benign announcement has turned into a large tax generator." Chancellor Jeremy Hunt's most recent Spring ...

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