AXA's Steve Folkard: A taxing pre-Budget report?

clock

AXA has made a submission to HM Treasury in preparation for the forthcoming pre-Budget report (PBR).

Whilst we recognise the tough economic conditions that we are currently facing, not least the pressures on public finances, AXA also believes there are five steps the government could and should take that are revenue neutral in the long run, or are even cost saving, which could provide effective ways of increasing consumer confidence in the long term savings environment. We need to be realistic in our outlook for the savings industry. The current climate presents many important challenges for the UK: fiscal rebalancing, retaining the UK's competitive position and encouraging a more prude...

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

A 'mainstream' planning issue: IHT receipts hit £3.2bn

A 'mainstream' planning issue: IHT receipts hit £3.2bn

Up by £100m on last year

Isabel Baxter
clock 21 August 2026 • 4 min read
Transact launches flexible reversionary trust ahead of 2027 IHT changes

Transact launches flexible reversionary trust ahead of 2027 IHT changes

Strengthening onshore and offshore bond offering

Isabel Baxter
clock 11 June 2026 • 2 min read
HMRC consults on extending UTT regime 'targeting' wealthy individuals

HMRC consults on extending UTT regime 'targeting' wealthy individuals

To cover stamp duty, National Insurance, IHT and CGT

Isabel Baxter
clock 13 May 2026 • 2 min read