Pensions & IHT: the ‘double tax’ trap
From April 2027, most unused pensions and death benefits will fall into estates for IHT purposes. Where someone dies aged 75 or over, their inherited pensions may be subject to both IHT and income tax. If you pass your pension to a spouse or civil partner, it’s IHT...
Financial bubbles – great stories but bad investments
Financial markets have a habit of repeating themselves. Every so often, investors become excited about a new technology or industry sector. In response, prices will often rise rapidly, drawing in more buyers and pushing asset prices higher. These price...
Healey’s growth agenda meets fiscal reality
In his first major speech, Chancellor John Healey today set out optimistic plans to drive economic growth across ‘every postcode’ in the UK. Taking a more positive approach than his predecessor, Healey said the UK was ‘turning a corner’, pointing to signs of growth...
Burnham’s Britain – economic priorities to consider?
With the support of 90% of Labour MPs (349 in total), Andy Burnham has replaced Sir Keir Starmer as the UK’s prime minister for the remainder of this parliament, ending in August 2029 (at the latest). While pledging to do things differently, there are many challenges...