Canada Life UK Adviser

From changes in income tax to the introduction of a mansion tax, and key updates on Cash ISAs, salary sacrifice schemes, and VCTs, there are several significant developments to consider. Check out the key highlights from our Tax, Trust and Estate Planning specialist, John Chew. Learn more: https://lnkd.in/egEmvnJi

Liz Hardie, Technical Specialist at Canada Life, shares her thoughts on the Autumn Budget: “Under current rules, advisers and clients have flexibility in how they structure their finances for tax reasons. Beneficial ordering allows types of income which are taxed at higher rates to be set against the Personal Allowance first to give an income tax saving. From April 2027, new rules remove the flexibility to structure finances. “Assets like savings and dividends will not only be subject to 2% higher tax but from April 2027, they will also be pushed to the back of the pile.” Read more: https://lnkd.in/eUt32ja6

Following the Autumn Budget, our Tax and Estate Planning Specialist, John Chew shares his thoughts on increase in taxation. “With months of speculation around tax rises, we’ve seen several new increases in taxation for those earning interest or dividend income. The impact of fiscal drag, the introduction of new taxes, and the introduction of an annual tax on property adds increased complexity to the financial planning landscape. “Given this, financial advice is as important as ever, especially as clients face into these changes combined with those announced in the previous budget.” Learn more: https://lnkd.in/eqM7dsMQ

Will the freeze on income tax thresholds and personal allowances be extended in the Autumn Budget? This would affect every taxpayer, but it’s those receiving state pension that would feel it the most, says Liz Hardie, a Technical Specialist at Canada Life. Read the blog on our website for more information: https://lnkd.in/e4XXEsU3

New tax regulations, new investment strategy? Our International wealth solutions could offer tax-efficient growth on your client’s account. What’s more is that the account can be held in trust, which may help mitigate against inheritance tax. Learn more about our Premiere and Premiere Europe accounts: https://lnkd.in/etYgZCNf

Your client's investment objectives will change throughout life, so it’s essential to choose an investment wrapper that offers greater flexibility. Our International wealth solutions are true open architecture. Clients have the flexibility to choose or change the investments, platform provider or discretionary fund manager within the bond, to match their circumstances or attitude to investment risk. Learn more about our Premiere and Premiere Europe accounts: https://lnkd.in/e8c659Yc