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

Without the right tax framework, UK will drive wealth creators away

The UK economy remains under pressure, with inflation proving stubbornly high, interest rates on hold, and no growth recorded in July.

Wealth tax economist hits back at French tycoon's 'pseudo-academic' claim

The idea has been enthusiastically taken up by the French left, including the Socialist Party, whose support new Prime Minister Sebastien Lecornu could need to ensure the survival of his government.

IHT on pensions will put ‘undue stress and burden’ on grieving families

HM Revenue & Customs opened a consultation on draft legislation relating to IHT on pensions which included changes addressing a number of issues raised in the initial consultation.

HMRC stats show record ISA inflows but £102m lost to LISA penalties

In 2023/24 households subscribed a record £103 billion into ISAs, with cash ISAs alone accounting for almost £28 billion more than the year before as higher rates tempted people back into deposits.

State pension 4.7% rise could lead to income tax woes

The inflation figure which is used will be for the year to September and will be announced in October.

Reeves warned against 'self-defeating' and 'reckless' move leaving Brits to foot the bill

Rachel Reeves should make it clear there will be no wealth tax in the UK, a CEO says.

Additional taxation of banks would worsen Lithuania's investment climate, Nauseda warns

Nonetheless, he called the new government's plans to apply a new tax to this sector debatable.

Pension savers rush to take 25% tax-free cash

The data showed the total amount taken as PCLS by all savers in the six months up to and including March this year was £10.43bn.

Budget to be held on 26 November, Reeves confirms

Labour pledged in its election manifesto to not increase taxes on "working people

Company loses tax case on the meaning of life

HMRC determined that Lexgreen was liable for the tax because it established the trust and the trustees were based outside the United Kingdom.

Overpaid pension tax claims jump 20% and ‘could get worse’

Of those who claimed overpaid tax, 2,400 people received refunds of more than £10,000

Thousands of pensioners claim back more than 10k after being overcharged

A small number of individuals in the UK received refunds exceeding £100,000.

Experts warn Rachel Reeves’ rumoured property tax proposals could push more HNWs to leave UK

Main residences are currently exempt from capital gains tax, a charge on the increase in the value of an asset when it is sold.

Frozen thresholds keep boosting tax receipts but Autumn Budget may demand more

Any reform must balance revenue goals with the vital role intergenerational support plays in the UK economy.

Ningi launches IHT tool amid incoming changes

This tool went from concept to comprehensive solution in under a week

Accountancy firm adds third office in High Wycombe through acquisition

Chimes Accountancy Services now joins the team at Dux Advisory, which also has an office in Berkhamsted, Hertfordshire.

Accountants and financial advisers’ clients struggle with tax bills

Trouble paying income tax bills saw the biggest increase, identified by 70% of those questioned.

How to reduce your Inheritance Tax bill

Nobody wants HMRC to be their biggest beneficiary. Find out how you can reduce your IHT bill – and leave more to your family.

UK tax data reportedly suggests claims of non-dom exodus overblown

HMRC figures appear to indicate departure of high net worth people is in line with OBR predictions, report says

Rumoured lifetime gifting cap risks stifling intergenerational support and adding complexity to tax system

Such a cap would bring more gifts into scope for IHT and could capture not just large transfers designed to reduce tax bills but also modest, routine support between family members.