Advisers want IHT rule changes following Labour's victory

Advisers and planners want to see changes following fresh government

Sahar Nazir
clock • 1 min read

More than a third (34%) of advisers and planners would like to see changes to inheritance tax (IHT) rules following Labour’s general election victory, according to Fidelity International.

In its IFA DNA 2024 report, the firm found that this was closely followed by changes to pension tax relief (33%) and the tax treatment of pension death benefits (30%). A general theme of the qualitative interviews was that practitioners would generally like to see consistency and simplification of the tax regime. Most advisers and planners (57%) expect the product mix for the typical client to change following the election. In the digital survey, 34% of respondents said this will mainly apply to clients in the accumulation phase of their life. In its qualitative interviews, Fide...

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