Budget uncertainty fuels surge in pension and CGT client calls

Budget speech set for 30 October with tax changes likely

Jenna Brown
clock • 2 min read

Advisers are dealing with a surge in demand ahead of the 30 October Budget speech with potential changes to pensions and capital gains tax (CGT) fueling client anxiety.

Research from provider AJ Bell found that 99% of advisers had been approached by clients who had questions about potential fallout from chancellor Rachel Reeves' speech. Speculation about changes to inheritance tax (IHT), CGT, pensions tax relief and tax-free lump sums has ratcheted up leading to increased concern among advised clients. Some 33% of advisers who took part in the firm's online poll between 30 September and 2 October said clients had contacted them over tax-free cash while 16% had enquiries about increasing pension contributions. More than a quarter, 27%, had been con...

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

How to gift money while we wait for clarity on pensions and IHT

How to gift money while we wait for clarity on pensions and IHT

'One thing advisers can do is remind customers the benefits of gifting'

Laura Suter
clock 02 July 2025 • 3 min read
Farmers to take government to court over IHT reform

Farmers to take government to court over IHT reform

Claimants said govt 'failed' to consult with the sector on IHT Autumn Budget

Chris Brayford
clock 26 June 2025 • 3 min read
Advisers push back on IHT plans for pensions

Advisers push back on IHT plans for pensions

Most advisers recommending early pension access and gifting

Sahar Nazir
clock 25 June 2025 • 3 min read