The Budget may have been billed as one for breathing space, but financial advisers still had plenty of updates to get their heads around.
While chancellor John Healey avoided some of the big tax changes rumoured in the run-up, the detail delivered plenty to get stuck into – and kept the Professional Adviser newsroom busy on the day. The familiar business of frozen thresholds remained. It was confirmed that income tax and IHT bands will stay put, meaning fiscal drag will continue to do its quiet work. Landlords, meanwhile, face a four-percentage-point increase in property income tax rates from April 2027. Neither measure may have dominated the chancellor's speech, but both are likely to feature in client conversations. ...
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