Pension Tax up to 67% and other Key Changes from Rachel Reeves first Budget

Pension Tax up to 67% and other Key Changes from Rachel Reeves first Budget

Rachel Reeves has finally given her maiden budget speech after much speculation and debate over what constitutes a ‘working person’ and whether increasing employer NI contributions would be a breach of the Labour manifesto. So, what changes have been announced and how...
How will IHT be paid on pensions in probate?

How will IHT be paid on pensions in probate?

Will the Inheritance tax reforms in the budget affect pensions in probate? HMRC released the following on their site on 30th Oct ‘Autumn Budget 2024: the government announced several measures to reform Inheritance Tax. This included a measure to bring most...
Nov 24 – How the budget affects landlords specifically

Nov 24 – How the budget affects landlords specifically

It could have been worse… Whilst the PRS was bracing itself for a gutting budget, Reeves actually delivered a budget that didn’t specifically single out landlords for horrific tax rises. Let’s look at the highlights that affect landlords directly....
Furnished Holiday Lets Update

Furnished Holiday Lets Update

The time to claim capital allowances on your FHL is now As predicted, the government is still going ahead with their plans to remove the tax advantages that current furnished holiday let owners enjoy. The proposed revisions include: applying the finance cost...
Autumn Budget predictions

Autumn Budget predictions

We’re now only two weeks away from this cabinet’s first budget, the biggest milestone in their term so far. Rachel Reeves and her team have been surround by much speculation, so we’re going to summarise what we know so far. Black hole Fixing the...