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...

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 Your profession

Professional Adviser TV: Creative ways to tackle the advice gap

Professional Adviser TV: Creative ways to tackle the advice gap

With Octopus Money CEO Ruth Handcock and financial adviser Kristian Manton

Professional Adviser
clock 25 April 2025 • 1 min read
Economic secretary confirms wholesale ISA review as experts demand sweeping reform

Economic secretary confirms wholesale ISA review as experts demand sweeping reform

LISA reform front and centre

Beth Brearley
clock 24 April 2025 • 2 min read
 MorganAsh introduces customer support tracking to vulnerability platform

MorganAsh introduces customer support tracking to vulnerability platform

Recording suggested next steps

Jaskeet Briah
clock 24 April 2025 • 2 min read