Autumn Statement 22: A close look at what advisers must watch for

All eyes on crucial tax issues advisers will need to wade through

Hope William-Smith
clock • 7 min read

Clients’ tax situations and retirement plans are poised to become ever more complex for advisers with chancellor Jeremy Hunt expected to move the dial in several key areas today (17 November) in a bid to claw back money for the government.

Hunt will deliver the Autumn Statement later this morning - his first as chancellor and the first under new prime minister Rishi Sunak. The fraught economic situation this year has been matched only by political instability within the UK, the fused situations promising a strict and tax-happy plan from Hunt against the backdrop of 41-year high inflation levels. While getting national finances back on a long-term sound footing "is critical at a UK national level", Aegon notes people saving for retirement "also need the chancellor's continued support". Tax increases are clear on Hunt'...

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

Effectiveness of Labour's immediate CGT hike under question

Effectiveness of Labour's immediate CGT hike under question

CGT rates were raised in last Wednesday’s Budget

Jen Frost
clock 06 November 2024 • 2 min read
Labour's tax clampdown sparks fraud investigations 'spike' warning

Labour's tax clampdown sparks fraud investigations 'spike' warning

High-income individuals could look to ‘illegal tactics’, crime specialist says

Jen Frost
clock 31 October 2024 • 2 min read
Autumn Budget 24: Business owners hit with surprise tax triple whammy

Autumn Budget 24: Business owners hit with surprise tax triple whammy

Business owners face CGT, IHT, NICs changes

clock 30 October 2024 • 4 min read