Don't let these five tax changes slip through the advice net

As we enter the new tax year, the big change at the forefront of every adviser's mind will be the removal of the lifetime allowance (LTA). But what other changes are in store for 2024/25? Here are five changes for the new tax year that advisers will need to consider, that may have flown under the radar while the focus has been on life after the LTA. NI rate cuts The chancellor's main Budget announcement was a further 2% cut to rate of National Insurance (NI). This means employee NI will have fallen from 12% to 8% and for the self-employed Class 4 NI will have fallen from 9% to 6%...