Gordon Andrews & Jon Greer: Five priorities for new chancellor Sajid Javid

Annual allowance, RNRB, IHT and more

clock • 7 min read

As Sajid Javid succeeds Philip Hammond as chancellor of the Exchequer, Gordon Andrews and Jon Greer highlight five personal finance reforms he ought to prioritise

The tax system has grown ever more complex under the stewardship of George Osborne and Phillip Hammond, leaving plenty of unfinished business for Sajid Javid, writes Jon Greer. There is a backlog of unhelpful policies that are at best obfuscated tax grabs and at worst badly thought out measures with dire unintended consequences. The annual allowance taper, residence nil-rate band and Lifetime Isa (Lisa) have all made our tax and savings system more complex. These contrived policies were aimed to target very specific behaviours and practices but the complexity of the design means they hav...

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

Planning, policy and playing the long game

Planning, policy and playing the long game

'There are solid indicators that we should see less disruption to tax planning'

Alastair Black
clock 05 March 2025 • 4 min read
UK sees non-dom population drop by almost 37% in 'wealth exodus'

UK sees non-dom population drop by almost 37% in 'wealth exodus'

Many HNW clients relocating to Greece

Jenna Brown
clock 24 February 2025 • 2 min read
Treasury bags £10.3bn in CGT receipts as Budget changes bite

Treasury bags £10.3bn in CGT receipts as Budget changes bite

Likely due to lots of people triggering gains ahead of Autumn Budget

Isabel Baxter
clock 21 February 2025 • 2 min read