Industry wish list: What do you want from the Budget?

Remove MPAA, amend IHT

Hannah Godfrey
clock • 3 min read

Leaving the MPAA as it is, a hands-off approach to pensions and amendments to the inheritance tax system were all cited by the industry as issues they want to see addressed in the Budget.

Although the general consensus among industry experts was Wednesday's Budget would be a quiet one, they did not completely rule out any rabbits lurking in the Chancellor's hat. A common item on the industry's wish list was the government rethinking or at least delaying changes to the money purchase annual allowance (MPAA) proposed in last year's Autumn Statement.  The changes, which would see the MPAA cut from £10,000 to £4,000, had already provoked criticism from the industry during its consultation, so it's unsurprising the industry is hoping for a policy reversal. Fidelity I...

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