Stephen Ford sets out the taxation implications from the 2024 Autumn Budget for both advisers and clients...
The recent Autumn Statement has proposed foundational changes to pension and inheritance tax (IHT) regulations that demand immediate and strategic attention from financial advisers. These modifications represent a significant recalibration of long-standing wealth management approaches, particularly in estate planning and retirement income strategies. The potential integration of pensions into IHT calculations marks a watershed moment in UK financial planning. Historically, pensions have been a tax-efficient vehicle for wealth transfer, often positioned as the last asset to be drawn d...
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