What next for tax rules under the Labour government?

Tax policy changes likely in first Labour budget

clock • 4 min read

Andrew Tully looks back at the King’s Speech and highlights areas of interest for financial advisers

The first King's Speech of the new government included a Pension Schemes Bill, but much of what was included is a continuation of previous policy rather than anything radically new. Pushing ahead on small pot consolidation, value for money and greater consolidation of schemes mean this Bill continues many of the themes we have seen over the last few years. Labour has said it will create a National Wealth Fund to power investment in infrastructure, green investment and other projects. £7.3bn in state funds has been allocated but it wants to generate much wider additional funds for this...

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