IA: Investors pulled £2.4bn from equities ahead of Budget
September’s fund flow data showed investors taking action prior to the Autumn Budget, according to the Investment Association
capital gains tax
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Calastone: Equity funds suffer worst outflows on record
Bonds balloon by £631m while money markets increase £402m
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Autumn Budget 2024: Capital gains tax hiked to 24%
Higher rate of CGT has increased to 24%, while lower rate has risen to 18%
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Three quarters of advisers want CGT support from platforms as Budget looms
91% of advisers said that CGT is now of greater concern
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AJ Bell: 99% of advisers have clients worried about Budget changes including CGT raise
The platform is calling on the government to commit to a ‘Pensions Tax Lock’
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AJ Bell warns capital gains reset upon death and IHT reliefs at risk in the Budget
A big increase in CGT rates could backfire
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Interactive Investor: Fixed income investments triple in two years
Allocations to UK gilts soared 2,019% thanks to tax benefits
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Labour unveils manifesto targeting ‘wealth creation’ as top priority
However, commentators warn the lack of a concrete commitment to not raise CGT could concern investors
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Platforms call for UK government to resist launching ‘retrograde’ British ISAs
Institutional investors urged to play a more proactive role in boosting the UK stock market