Philip Hammond delivered his - some say 'dull' - Autumn Statement on 23 November. Professional Adviser asked four advisers what stood out for them and how these policies might affect their business ...
Although a relatively quiet statement on the whole, as always, the Chancellor couldn't resit tinkering with at least some legislation. Stand-out policies included a reduction in the money purchase annual allowance (MPAA) to £4,000, a crack-down on pension scams including a ban on cold-calling, and cutting the tax relief given to some salary sacrifice schemes. For now, it seems the triple lock will remain in place, and to much surprise, the lifetime ISA was not mentioned at all. We asked four advisers which policy they felt stood out the most, and how the statement might affect thei...
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