- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Caitlin Southall: Pension reform or punishment? Unpicking the IHT debate

Like many in the industry, we identified a range of practical problems, not least for SSASs, which have unique structural characteristics.

Labour taxes edge up in the OECD as real wages recover in 2024

The report looks at eight stylised household types, which vary by income level and household composition.

FOI data shows just 2% of estates use this IHT mitigation rule but its use set to skyrocket

This equates to less than 2% of inheritance tax (IHT) paying estates.

Is it time to end the private equity tax loophole on carry?

Ironically, if taxation on private equity is increased in the US, it is now more likely that it will be at the hands of the Republicans, traditionally the party of finance and low taxation.

HMRC simplifies tax reporting as more taxpayers face Self Assessment amid shrinking allowances

Up to 300,000 taxpayers could be removed from the requirement to complete a Self Assessment return, with a new digital reporting service introduced for those with modest additional income.

Ex-EY and PwC executives launch Unity Advisory to challenge Big Four in UK – report

Backed by up to $300m (£225.54m) from Warburg Pincus, the venture is due to commence operations by June.

Advisers adapting to tax, tech and generational shifts: FE fundinfo survey

In a session delving into the ‘evolving wealth management landscape’ held yesterday, Stephen Ford highlighted that the looming overhaul of the UK’s tax framework formed a big theme.

UK Spring Statement 2025: tax anti-avoidance rules with criminal sanction target staffing supply chain

Users and suppliers of contingent workers can expect a more hostile HMRC in addition to proposed 'umbrella' legislation

BDO Switzerland increases revenue – except in Financial Services

New regulatory requirements and structural changes in the financial market shaped the fiscal year.

IHT tax take hits new high, up over 10%

CGT receipts hit £399m in March 2025, slightly lower than last year

HMRC tax receipts continue to soar with IHT tax take hitting new record high

PAYE income tax and NICs receipts for April 2024 to March 2025 came in at £486.9 billion, up by a huge £17.6 billion compared to the same period last year.

Another record year for IHT receipts as Treasury collects £8.2bn

This brought the 2024/25 tax year’s total to £13bn, slightly lower than last year’s £14.5bn.

HMRC to raise at least £110m annually by cutting IHT relief on AIM shares

IHT chargeable on most AIM shares will now be set at a rate of 20%, half the potential 40% benefit that was previously available.

BDO enters strategic partnership with The Safeguarding Alliance

TSA is a centre of safeguarding excellence with a network of safeguarding specialists

New data reveals frozen thresholds will drag 18m Brits into paying income tax

The current freeze on income tax thresholds has significantly increased the number of people paying tax for the first time.

France wants to make one-off wealth tax permanent

The government said last year that the special "contribution" would be temporary.

Should the UK have a wealth tax on Britain's richest people?

Supporters of a wealth tax say it will raise billions for vital services, but critics argue it will be a nightmare for HMRC. What do you think?

Benchmark’s top 10 tips for tax year-end

Taxpayers can adopt several simple strategies to preserve and grow their wealth, and seeking financial advice can be an invaluable resource for providing peace of mind while helping people to achieve their goals and prepare for all scenarios.

Pensions unrivalled in tax planning despite IHT changes

And, with clients and advisers working to maximise their savings, use their allowances and refresh their plans before the tax year-end, now is the perfect time to have these discussions.

State pension ‘perilously close’ to personal allowance threshold, say experts

The state pension is currently set at £11,502.40 – just £1,067.60 below the personal allowance threshold of £12,570.