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

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.

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.