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

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.

State pension just 15p shy of breaching tax allowances in 2026, forecasts OBR

That leaves the UK potentially only one year away from pensioners having to effectively hand a portion of their state pension back to the Exchequer in tax, which to many would seem perverse.

Gilt portfolios are comfortably beating cash for wealth managers

Tax rules mean UK government debt portfolios are equivalent to 7% cash savings accounts for higher earners.

Switzerland and Zimbabwe sign double taxation agreement

The DTA allows the Swiss network of double taxation agreements to be expanded into Southern Africa.

Swiss Banks Caught in Crossfire as Spain Intensifies Tax Scrutiny

Relocating to Spain can be highly lucrative for professionals due to tax advantages.

Four 'significant' HMRC inheritance tax changes which kick in from next month

"Previously, small farms could be passed down through generations without IHT liability."

HMRC stats show pensioners increasingly dragged into income tax; Gender pay gap still close to 20%

Women still shoulder a far greater amount of caring work than men

Tax rises or spending cuts: What might be in the Spring Statement?

Fiscal pressures on the Chancellor grow

Tax take from IHT, CGT and National Insurance soars in the new year

The upcoming reforms to Agricultural Property Relief and Business Relief could force more family farms and small enterprises into difficult decisions about their futures.

IHT nears record as receipts rise to £7bn

This rise in IHT receipts contributed to gross HMRC tax and national insurance contribution receipts rising to £719bn in the period ending January 2025.

What is the future of tax evasion investigations?

HMRC launched 430 new criminal investigations into suspected tax evasion in 2023/24

Confidence in economy among wealthy Britons falls to record low with inheritance tax a major concern

Among the wealthy, confidence in the economy has fallen to 48 per cent, down from 84 per cent just six months ago.

'Tax dodgers make it harder to tackle potholes and get bobbies on the beat'

That’s money that we could be using to fill potholes, fund schools and hospitals, improve access to the police and ensure GPs are accessible.

UK Inheritance Tax changes: how the US-UK Treaty could protect some Americans

For dual nationals, if none of the above lead to a clear answer, the US and UK tax authorities will agree between them how to tax the individual.

UK: Payments to settle regulatory investigation deductible; claim for cross-border group relief barred

The Court of Appeal held that payments made by the taxpayer to settle a regulatory investigation were not penalties and thus were fully deductible.

European financial services M&A activity picked up in 2024, with deal volume reaching a nine-year high

The total disclosed deal value also rose from €36.3bn in 2023 to €52.0bn in 2024 – with 10 deals above €1bn in value last year.

Federal Council initiates consultation on exchange of information under the OECD minimum tax

The implementing jurisdictions should also be able to check whether the tax calculations of MNE groups are correct.

Ex-Man Utd footballer faces tax bill after losing part of HMRC case

Robson will be left with a hefty tax bill after losing part an appeal at the First Tier Tax Tribunal.

EISA’s Christiana Stewart-Lockhart positive about UK startups despite challenging 2024

Unfortunately, there are many potential investors who are missing out, largely due to a lack of awareness about the schemes.

UK Inheritance Tax receipts hit £6.3 billion through first three quarters of the financial year

Inheritance Tax is delivering record receipts for the Treasury as asset prices rise while the thresholds remain frozen in place