🌹 Labour’s Budget Plans – Rumours – DAY 4 🌹
Continuing our daily discussion of the potential changes introduced by the Labour Budget, today we’re looking at more taxes. 💰🚨 Wealth Tax Introduction of a separate wealth tax – say 1% or 2% per annum of your net asset value, or maybe a one-off tax of 2%
🌹 Labour’s Budget Plans – Rumours – DAY 3 🌹
Continuing our daily discussion of the potential changes introduced by the Labour Budget, today we’re looking at Inheritance Tax (IHT). 🪦🚨 Inheritance Tax (IHT) Cut the Nil Rate Band (NRB) from current £325,000 (which has been the level since 2009) to a lower amount. • Remove the Residential
🌹 Labour’s Budget Plans – Rumours – DAY 2 🌹
Continuing our daily discussion of the potential changes introduced by the Labour Budget, today we’re looking at Pensions. 👵🏼🚨 Pensions Reduce the amount of so called “tax free cash” you can draw from your pension. In very basic terms, you can draw 25% of your pension income
🌹 Labour’s Budget Plans – Rumours – DAY 1 🌹
Over the coming days, we’ll explain some of the potential changes the Labour Budget will introduce, and how that can affect tax and estate planning. Stay tuned! Introduction The Prime Minister, Keir Starmer, has warned that the Autumn Budget 2024 will be painful and signalling a bleak