Chesnara reports surging demand for UK onshore bonds

The provider pointed to year-on-year increases in volumes. "Recent tax legislative changes have further strengthened demand, contributing to sustained momentum across the UK tax and retirement planning landscape," it noted in its half year report, published this morning (25 August). One such key change is un-used pension pots becoming subject to inheritance tax from 6 April 2027, as announced by former chancellor Rachel Reeves in her 2024 Autumn Budget. In her inaugural Budget, Reeves also hiked capital gains tax rates, with the higher rate rising from 20% to 24%. Since then, on...