An estimated 3.3m people using salary sacrifice to boost their pensions are set to be hit by the Budget cap on the process, according to new government data.
One in eight investors (12%) have withdrawn investments in the run up to the Budget, with one in three of these (4% of total investors) ‘explicitly’ citing concerns about the Budget, according to new research.
c receipts from April to October totalled £5.2 billion, £200m higher than the same period in 2024.
Consumer confidence has dropped two points in November to -19, according to the latest GfK Consumer Confidence Index published today.
Proposed pension reforms included in next week’s Budget will create chaos and put bereaved families and ordinary people at financial risk, according to STEP, the global professional body for trust and estate practitioners.
Financial advisers say they are seeing significant concerns and changes to financial behaviour from their clients due to speculation around which policies the Chancellor may announce in this month’s Budget.
The Treasury has reportedly rejected moves to reduce or axe the pensions tax free lump sum, according to a report in the Daily Telegraph.
The uncertainty around future tax changes is taking its toll on financial confidence, according to new research.
The vast majority of IFAs (91%) have seen a spike in demand from clients for advice in the run up to the Budget, according to a poll.
The Chancellor Rachel Reeves risks a new ‘omnishambles’ Budget if she raids pension tax relief, a former Pensions Minister has warned.
Chancellor Rachel Reeves is today pressing regulators to do more to boost UK growth in the face of disappointing GDP figures.
The Financial Services Compensation Scheme (FSCS) has managed to keep management expenses for the coming year under control but still faces imposing a £129m levy increase in 2025/26.
Eight in 10 financial advisers (79%) are unhappy with the measured announced in the Budget, according to a survey.
A quarter (26%) of investors didn’t understand the changes made by the Chancellor in the Autumn Statement, according to research published today.
The proportion of deaths subject to Inheritance Tax (IHT) could nearly double from 5.1% to 9.5% by the end of the decade after the Budget changes, Office of Budget Responsibility (OBR) figures appear to suggest.
From April 2027 inherited pension pots will be subject to inheritance tax (IHT), Chancellor Rachel Reeves announced today in her Budget.
Chancellor Rachel Reeves says the CPI inflation target will remain at 2%, the long-term Bank of England target.
The State Pension will rise by 4.1% in April when the Triple Lock is implemented in full, the Chancellor said today in her Budget.
Employers' National Insurance will rise from 13.8% to 15% in April but Employee National Insurance will remain unchanged, Chancellor Rachel Reeves announced in her Budget today.
Wealthy non doms living in the UK may head for the exit after the Chancellor announced she would end non-dom status, a law firm partner has warned.
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