UK families advised to protect wealth ahead of Autumn Statement with potential tax increases.
Financial experts are advising UK families, including those abroad, to proactively safeguard their wealth ahead of a challenging Autumn Statement, which may introduce significant tax increases. Labour leader Sir Keir Starmer has indicated that short-term financial pain is expected. Strategies suggested include making annual gifts, utilizing tax allowances, and consulting financial advisers to navigate potential capital gains and inheritance tax hikes.
September 01, 2024
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