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

Mercia announces Interim Results FY2025

The interim dividend will be paid on 8 January 2025 to shareholders on the register at the close of business on 6 December 2024.

HMRC issues scams warning as Self Assessment deadline looms

HMRC will never leave voicemails threatening legal action or arrest, or ask for personal or financial information over text message – only fraudsters and criminals will do that.

Average single homeowner in England with moderate pension savings to suffer £107k inheritance tax under new rules

A moderate lifestyle includes being able to afford £74 a week on food (including food away from the home) as well as two weeks in Europe and a long weekend in the UK every year.

Inheritance and capital gains tax receipts rise with budget changes set to turbo charge data

This consistent upward trend underscores the government’s rationale for freezing the IHT threshold until 2030.

EV adds inheritance tax functionality to its financial planning tool

The new feature provides advisers with an IHT liability illustration

Demand for advisers will ‘surge’ as 1 in 10 deaths incur IHT charge by 2030

The proportion of deaths subject to IHT projected to double

Key changes in UK’s non-domicile regime overhaul

The headlines are that the remittance basis of taxation will be abolished and replaced with a new residence-based regime.

IHT on pensions disincentivises retirement saving

Following the Autumn Budget, most unused pensions pots will be subject to inheritance tax from April 6 2027.

How a 90% tax rate could apply on some UK pensions post Budget

The precise rules as to how this will work remain subject to confirmation

IHT on pensions disincentivises retirement saving, says RSM UK

One rationale behind the change was to remove taxpayers’ “incentive to use pensions as a tax-planning vehicle for wealth transfer after death.”

UK tax plan for wealthy foreigners risks turning London into ‘bigger version of Bahamas’

Advisers warn British government’s proposal to replace non-dom scheme will attract those seeking short-term tax holidays

UK’s Richest Man Says ‘Spiteful’ Tax Hikes Will Kill Off Growth

The remarks are the most high profile attack from a British business leader since Reeves’ budget after firms were forced to shoulder the bulk of her £40 billion of tax rises.

Brits face 'double whammy tax hit' after Budget pension changes

Many families had planned to leave their pension pots to their loved ones as a means of preserving and passing on their wealth, but these plans have now been disrupted by the Budget's decisions.

Changes to IHT and pensions risks becoming ‘a bureaucratic nightmare’

The proposed changes, introduced in a government consultation, outline an extensive process for including pension assets in IHT calculations.

Investment Association comment on the Autumn Budget

The proposed modern industrial strategy and corporate tax roadmap are a welcome starting point to attract greater capital. 

Higher UK air taxes will not deter private jet customers, industry bosses say

Passenger duty will increase 50% for the largest private jets in 2026

Over 4m more UK workers to pay income tax by 2030 despite Labour threshold thaw

For millions of middle-income earners, this means paying a higher proportion of their income in tax without seeing any real increase in their purchasing power.

Chancellor’s Budget expected to unleash wealth and talent exodus out of Britain

There is legitimate concern that these policies are a fast track to a brain drain, with high-net-worth individuals, entrepreneurs, and top talent now actively exploring relocation to more tax-friendly jurisdictions.

What does the Budget 2024 mean for the wealthiest UK taxpayers?

As the dust settles on the Budget 2024, advisers from the Spear’s network give their insights into the impact the government's tax policies will have on Britain's HNWs and entrepreneurs

Search for lower taxes spike from wealthy ahead of UK Budget

Rachel Reeves, Chancellor of the Exchequer, outlined her Budget today which may contain various tax rises for UK residents which Canaccord say has been causing concern for their wealthy clients.