Advisers align with accountants as tax planning demand rises - research

Professional connections all-important

Carmen Reichman
clock

The majority of advisers believe closer collaboration with accountants could lead to increased tax planning business post-pensions freedom, according to Prudential research.

More than two-thirds of advisers told the provider working more closely with accountants would help them establish business with big companies and individual directors. Almost half of them believed working with accountants would help them target small and medium size businesses. The study showed advisers placed greater importance on tax planning following the government's pension reforms, Prudential said. It interviewed 120 IFAs online at the end of August. New pensions freedom rules allow defined contribution savers unfettered access to their pots from age 55 subject to certain...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Business' tax year planning – a reminder on carry forward

Business' tax year planning – a reminder on carry forward

'The carry forward rules can be difficult to navigate'

Caitlin Southall
clock 31 March 2025 • 4 min read
Tax year-end/tax year-start: Unfounded fears and enormous upside

Tax year-end/tax year-start: Unfounded fears and enormous upside

'Clients are tuned in to tax efficiency'

Phillip Wickenden
clock 27 March 2025 • 5 min read
Treasury set to benefit from a £2.4bn boost from IHT

Treasury set to benefit from a £2.4bn boost from IHT

Will raise £14.3bn after pensions come under the IHT umbrella

Isabel Baxter
clock 26 March 2025 • 2 min read