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

UK weighs 20 per cent exit tax on wealthy emigrants

The measure could generate around £2 billion in additional revenue

Funding Inheritance Tax: Why Whole of Life Insurance Might Outshine Pure Investment Strategies

If you have surplus regular income, a whole of life policy can allow you to fund a guaranteed sum to cover your IHT exposure — helping your beneficiaries retain the full value of your assets.

Pension tax refunds hit nearly £50m in Q3 as thousand overpay tax on withdrawals

While the change in value is modest, the rise in reclaim activity highlights the ongoing scale of the issue and the need for further reform to prevent over taxation in the first place.

Government has potential to boost investment and build financial resilience, but must deliver pension confidence through tax stability in Budget

To enable this, it is essential that government delivers certainty around pension tax policy, so that people can plan for their retirements and have the confidence to invest.

HMRC pension overtaxation claims hit landmark £1.5 billion

More than £1.5 billion has now been repaid to people initially overtaxed on their first withdrawal who have since had to fill out the relevant HMRC form to claim back their money.

Number of Irish multi-millionaires hits record high

About 1,200 of the high-net-worth group are tax residents or domiciled in Ireland.

Saxo UK partners with BlondeMoney to help guide investors through the Autumn Budget

Saxo UK is preparing for heightened market uncertainty and volatility

PwC report highlights the opportunity for Channel Islands wealth managers to ‘step-up’ the pace of transformation

PwC’s tech-powered market analysis enables real-time insights and enhanced decision-making.

HNWs brace for rising burden as pensions fall into inheritance tax scope

Britain’s wealthiest are increasingly worried about rising taxes, with many taking steps to protect their pensions ahead of new Inheritance Tax rules from 2027

Federal Council initiates consultation on Amending Protocol to Agreement between Switzerland and EU on automatic exchange of information in tax matters

The Amending Protocol now contains provisions for mutual administrative assistance for the recovery of tax claims relating to VAT.

IHT receipts for April-September rise to £4.4bn

This is due to the freezing of nil rate bands until April 2030, rising UK property values, and planned reductions to agricultural and business reliefs from April 2026.

Tax take swells on fiscal drag ahead of Budget but genuine growth remains elusive

This doesn’t point to a roaring economy but a sign of a Treasury increasingly reliant on extracting more from the same taxpayers.

Govt borrowing hits £100bn for financial year as Budget tax rises loom

Borrowing in this financial year has almost breached £100bn too, 13% higher than last year and the second highest after the pandemic year of 2020.

Switzerland and EU sign Amending Protocol to the Agreement on automatic exchange of information in tax matters

With the Amending Protocol, the Agreement will be aligned to the amended OECD standard and supplemented with new provisions on administrative assistance for the collection of VAT claims.

UK's HMRC targets crypto investors in major tax crackdown

This new number indicated a rise from the previous 27,700 letters sent in 2023, according to data released under the Freedom of Information Act.

CGT penalty cases double as HMRC tightens enforcement

Penalties are based on potential lost revenue, although HMRC may reduce fines for prompt disclosure.

Advisers ‘virtually unanimous’ that tax rises are on the way

About six out of ten (57%) expect VAT rates to rise, while less than two out of five (38%) believe the chancellor will increase income tax rates.

Chancellor puts Cash Isa cut back on the table

However, AJ Bell director of public policy, Tom Selby, said the chancellor is “absolutely right” to challenge the status quo on Cash Isas.

The 12 upcoming tax increases Britons aren’t accounting for

Hargreaves Lansdown discusses the stealth tax increases about to further burden Britons.

Rachel Reeves could impose a surprise 'one off' tax on wealth in Budget next month

The Treasury last night refused to rule out a one-off wealth tax when asked if the Chancellor was considering implementing the proposal at the Budget.