Treasury

‘What we saw at the Budget was the opposite of simplification’

From ISAs, to tax and VCTs

In response to MP’s ‘devastating consequences’ warning

Concerns over rumoured £10k cash ISA cap and potential UK equity mandate

To address £40bn hole in public finances

Following Mansion House speech

Unused pension funds will fall under IHT scope from April 2027

First phase intended to ‘reduce burden’ on firms

‘A big win for defenders of a broken system’

Increases risk of poor financial decisions, report states