The Scottish Widows ‘techtalk’ editorial team have prepared a detailed Budget commentary which also includes an economic analysis.Issues affecting advisers include:
- Capital Gains Tax confirmed at 18% with no change to life bond taxation.
- Confirmation of transferability of IHT nil rate band between spouses and civil partners.
- Clarification of IHT rules for replacement interest in possession trust.
- Relaxation of trivial commutation rules for pensions.
- New allowances for income tax.
You can access the online guide by clicking here.
UPDATE: Winterthur has produced a summary with a focus on pensions which you can download by clicking here.
UPDATE 2: Vantis has produced a detailed guide which you can download by clicking here.
UPDATE 3: The PFS has produced one of the best summaries I have seen so far which you can download by clicking here.
