Conservatives eye death taxes to fund social care

Prospectus aimed at appealing to working families

clock • 2 min read

The Conservatives are said to be considering raising post-death taxes to fund changes to social care provision, as they seek to tackle the effects of an ageing population.

Ahead of next week's manifesto launch, the party is exploring ways to make wealthier people contribute to rising social care costs after their death, through higher inheritance tax or other reforms, the FT reported. This comes despite Chancellor Philip Hammond previously rejecting the introduction of a "death tax". He seemed to rule out such a move in his spring Budget when he said: "For the avoidance of doubt, those options do not include, and never have included, a death tax."  However, senior Conservatives claim he was referring specifically to a Labour proposal to introduce a f...

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

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
Treasury set to benefit from a £2.4bn boost from IHT

Treasury set to benefit from a £2.4bn boost from IHT

Will raise £14.3bn after pensions come under the IHT umbrella

Isabel Baxter
clock 26 March 2025 • 2 min read
Spring Statement 25: Labour throws down the gauntlet on tax evasion

Spring Statement 25: Labour throws down the gauntlet on tax evasion

Aims to raise extra £1bn per year through crackdown

Jen Frost
clock 26 March 2025 • 2 min read