News editor's view: Autumn Budget – a trick or treat for financial advisers?

The news editor's Friday Night Takeaway from 1 November

Sahar Nazir
clock • 3 min read

Amid the looming discussions on tax and pensions adjustments, this week’s top-read stories give a glimpse into the financial landscape during the week of the Autumn Budget.

So what's on the table? Our top read story of the week was chancellor Rachel Reeves confirming in the Budget that pensions passed on will be subject to inheritance tax (IHT) from 2027. Reeves also extended the £350,000 IHT threshold freeze for another two years until 2030. Another story that stood out was the government saying it will abolish the ‘non-doms' regime of preferential tax rules. Reeves will instead introduce a new, residence-based scheme with "internationally competitive arrangements" for those coming to the UK on a temporary basis. Additionally, independent school f...

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