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

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.

Both left and right agree taxes must rise. Time for Labour to get creative

The faux row will be ear-splitting whether Rachel Reeves takes a lot or a little. Scepticism about a wealth tax is rising, but there are many ways to skin fat cats

Scottish Government gave £77m to secretive tax haven firms

Campaigners and the Scottish Greens want the public funding of tax havens to be banned altogether.

HMRC charges first company under landmark tax evasion powers

Stockport accountancy firm becomes first to be charged under law brought in eight years ago

Tax rises are coming — and UK asset holders must act now

This is the moment for anyone with UK assets to stop waiting and start acting.