A 'tangible' effect on MPS? Industry divided on CGT impact

Since the CGT changes were announced in chancellor Rachel Reeves' Autumn Budget, there have been questions over the extent to which they will influence MPS propositions, as investments are held directly by the client, which means gains or losses typically contribute to the client's annual CGT exemption allowance. Immediately after the Budget for disposals made on or after 30 October 2024, the lower rate of CGT was raised from 10% to 18%, and the higher rate was raised from 20% to 24%. Meanwhile, the Business Asset Disposal Relief and Investors' Relief rate increase to 14% will come in...