Capital gains tax (CGT) changes top the list of most disruptive possible Budget changes for advisers, while their business wish lists include increased funding for apprenticeships.
Advice professionals see Autumn Budget pensions lump sum and capital gains tax (CGT) changes as holding the potential to cause the most disruption for clients, according to a recent poll by Abrdn. More than half (55%) of 300 financial advisers surveyed cited a cut to the pension tax-free lump sum as among changes that could be announced on 30 October that would cause the most issues. It has been speculated that the tax-free cash sum could be cut to £100,000. Four in ten (40%) were concerned over a potential increase to CGT rates, potentially towards income tax levels. A CGT hike is...
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