Autumn Statement 2023: Key takeaways
Key Points of Autumn Statement
IHT
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Autumn Statement 2023: No IHT changes ‘missed opportunity’ for Chancellor
As rumours circulated of potential cuts to the increasingly complex tax
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IHT receipts reach £4.6bn ahead of Autumn Statement announcement
As people eagerly wait to hear what is in store for the tax
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What might be in store for personal taxation under a Labour government?
As shadow chancellor Rachel Reeves indicated several measures the party will and won’t implement
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IHT receipts reach £3.9bn
A £400m increase from the same period last year
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67% of women aged 41-55 believe they will never retire
As 41% of Brits say finances are impacting their mental wellbeing
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Tax-efficient investing – a calendar for advisers
What to look at – and when – to mitigate the rush of activity that can otherwise come at the end of the tax year
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Rishi Sunak to reportedly scrap inheritance tax
As the Conservative Party looks to entice voters ahead of the general election
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IHT receipts reach £3.2bn
A £300m increase compared to the same period last year
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How UK expat clients can tackle rising IHT bills
Fines on families who broke inheritance tax rules jumped by a third to £2.28m last year
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IHT penalties increase by 34% in a year
HMRC ‘don’t hold back where they suspect inheritance tax has been underpaid’
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UK taxman collects £2.6bn from IHT receipts in 3 months
Bereaved families are ‘increasingly filling government coffers’ due to frozen thresholds.