Get Ahead of the Tax on Wealth

Episode 1: What we know, speculation, and key planning actions

Labour has signalled they will raise taxes in the autumn to ‘bolster’ public finances, as UK borrowing reaches 100% of GDP, and a ‘£22bn black hole’ is identified.

Labour made pledges before their election not to tax ‘working people’, leaving relatively few levers available to them.

It has already confirmed that VAT will apply at 20% on private school fees from January. It is also expected that sweeping reforms could be made to reduce pensions allowances and tax reliefs, increase capital gains tax rates, and broaden inheritance tax liabilities. Non-domiciled status will be abolished entirely, with no transitional arrangements, as had been intended by the previous government.

This autumn, join expert Apollo Private Wealth Advisers in our live webinar series, as we examine the penalties on wealth that Labour is poised to impose in their Autumn Statement on 30 October.