More than a third, 35%, of wealthy people have sold investments or will do before the Budget due to worries about a capital gains tax rise, according to a new survey.
Specialist expat financial adviser Blevins Franks has predicted a 54% rise in UK client enquiries about moving to Europe this year.
The government should ask taxpayers over 40, including pensioners, to pay an extra 1p in income tax to help fund social care.
The number of taxpayers telling HMRC they are leaving the UK has risen by 32% to 69,000 in the past year, up from 52,000 the previous year.
SIPP savers have been warned to be wary of small platform fees and unclaimed tax relief after new analysis suggested a higher-rate taxpayer could be up to £138,948 worse off because of fees and taxes.
Seven in 10 (70%) of the 3.42m people who have taken taxable payments from their pension pots since the inception of ‘Pension Freedoms’ in 2015 were under 65.
Estates worth more than £10m have driven the vast majority of the latest rise in inheritance tax liabilities, according to new analysis.
There has been huge coverage of IHT and the fact that unused pensions will be subject to inheritance tax from April next year - unless our new Chancellor steps in and waters down or axes this deeply unpopular new burden, as he should.
New figures from HMRC reveal that the tax authorities collected £164m in pension annual allowance charges last year, with one expert warning that more high-earners are being "caught out" by the charge.
Inheritance tax receipts reached £2.3bn between April and June, up £96m on the same period last year, according to new figures issued by HMRC today.
Latest figures from HMRC reveal that the number of higher rate tax payers is set to have risen rise by nearly 2.5m over the past two years as fiscal drag pulls more high earners into higher rate tax bands.
An additional 1.5m State Pensioners are set to pay income tax this year, according to data released this week by HMRC and analysed by financial services consultancy Broadstone.
They say the only things certain in life are death and taxes. What they never said was that one day the vast majority of UK workers would end up paying higher rate 40% income tax on their earnings, a levy almost unimaginable a few years ago.
The Government has published a consultation on the introduction of a criminal offence of reckless untrue declarations or supplying reckless false statements for direct tax.
Inheritance Tax receipts for May were £1.4 billion, £37m lower than the same period last year although the long term trend remains upwards, experts say.
The number of complaints made to HMRC about delays and mistakes surged 66% to 12,670 last year as taxpayers spent more than 550 years between them trying to sort things out with the tax office.
Transact has unveiled the new Flexible Reversionary Trust (FRT) which it says will help advisers prepare for the April 2027 IHT changes when unused pension funds will be subject to IHT.
ISAs have been one of the most successful parts of the government’s strategy to encourage saving for several decades now so, of course, it is a perfect time to destroy them (sarcasm intended).
Chancellor Rachel Reeves may be planning to tax interest on cash held in stocks and shares ISAs, according to newspaper reports.
Tax changes announced in last November’s Budget have encouraged more young people to use ISAs and pensions, according to new research.
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