What does new Govt mean for financial planners?
Tags: Financial Advice, Financial Advisor, Income Tax, Pensions
The new Chancellor George Osborne, and the Chief Secretary to the Treasury, David Laws, have made it clear this week that the need to get the budget deficit under control ‘overshadows everything’.
Some spending cuts have already been announced (all ministers are taking a 5% pay cut) but the scale of the national debt means much tougher measures are needed to balance the books.
We’ve been told capital gains tax will rise. An emergency Budget is scheduled for 22 June when further tax rises could be announced. Here’s what we know so far.
Capital … Continue Reading

