What next for tax rules under the Labour government?

Tax policy changes likely in first Labour budget

clock • 4 min read

Andrew Tully looks back at the King’s Speech and highlights areas of interest for financial advisers

The first King's Speech of the new government included a Pension Schemes Bill, but much of what was included is a continuation of previous policy rather than anything radically new. Pushing ahead on small pot consolidation, value for money and greater consolidation of schemes mean this Bill continues many of the themes we have seen over the last few years. Labour has said it will create a National Wealth Fund to power investment in infrastructure, green investment and other projects. £7.3bn in state funds has been allocated but it wants to generate much wider additional funds for this...

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

Farming families must be proactive on advice ahead of APR/BPR change

Farming families must be proactive on advice ahead of APR/BPR change

‘The difficult conversations need to happen now’

Sahar Nazir
clock 03 April 2025 • 6 min read
Business' tax year planning – a reminder on carry forward

Business' tax year planning – a reminder on carry forward

'The carry forward rules can be difficult to navigate'

Caitlin Southall
clock 31 March 2025 • 4 min read
Tax year-end/tax year-start: Unfounded fears and enormous upside

Tax year-end/tax year-start: Unfounded fears and enormous upside

'Clients are tuned in to tax efficiency'

Phillip Wickenden
clock 27 March 2025 • 5 min read