Robert states:
‘Today’s Spring Statement was notable more for what it didn’t include than what it did. For private clients, there were no immediate headline tax increases or radical reforms, but that shouldn’t be mistaken for a benign landscape.’
He added: ‘Frozen tax thresholds and ongoing inheritance tax changes mean families are still facing a steadily rising burden through fiscal drag. The absence of new measures offers stability but nothing to tempt back those who have left, and it is a reminder that proactive estate and succession planning is more important than ever.’
Click here to read more: Advisers urge early planning despite Spring Statement calm – Spear’s
For further advice on Private Client law, email Robert or telephone on 0207 465 4300.
