Tax Day is a dud! Govt ignores reforms to pensions and CGT

No change to pension tax relief

Tom Ellis
clock • 5 min read

March 23 has been an important day in the diary for weeks as the government singled it out this particular Tuesday as the day it would release a number of key tax-related consultations not published alongside the Budget earlier this month.

However, so-called Tax Day has turned out to be a relatively tame affair for personal finance, with the Treasury ignoring key reforms that have been in the firing line and subject to previous consultations: pensions tax relief, inheritance tax and capital gains tax.  It has published a consultation seeking to raise standards in the tax advice market, which will seek views on the definition of tax advice and a requirement to make professional indemnity insurance compulsory for all tax advisers, "with a view to improving tax advice and providing taxpayers with better access to redress wher...

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

'Christmas has come early for the government' – IHT receipts rise

'Christmas has come early for the government' – IHT receipts rise

Budget tax changes and rising take highlight advice value, experts say

Jen Frost
clock 20 December 2024 • 2 min read
No more IHT relief on pensions: How to maximise alternative tax-efficient vehicles

No more IHT relief on pensions: How to maximise alternative tax-efficient vehicles

In the light of the government’s latest Budget

Jordan Wheatley
clock 19 December 2024 • 5 min read
Changes to agricultural and business relief explained

Changes to agricultural and business relief explained

Government will publish a technical consultation in early 2025

Julia Peake
clock 11 December 2024 • 4 min read