[isleaiw1]

s42blue, on 02 July 2024 - 07:52 PM, said:

Rumours that Labour will stop investors from taking 25% tax free cash. Surely not?

Would crash the U.K. markets.

That's one they would have to keep secret until the day it applies, otherwise the financial institutions wont be able to cope with the cash demands...

Plus if the WASPI women can claim that they werent given enough notice for a change to pension age then surely a significant impact like that would have to be flagged as for some people it is a significant amount of money (including me).

Maybe I should take some of it tomorrow just to be certain...?
although this would suggest that it was a leader error and not a policy....

https://www.ft.com/c...dc-cec5fc056cea

But it does look like they will be hitting hard on IHT - guess getting taxed on the money once before you use it for a house or invest is not enough... I'm not against IHT per se but I do think the family home should be exempt...as well as the £325k allowance for each parent...

https://www.telegrap...her%20suggests.

This post has been edited by isleaiw1: Yesterday, 08:33 PM

[s42blue]

 isleaiw1, on 02 July 2024 - 07:58 PM, said:

That's one they would have to keep secret until the day it applies, otherwise the financial institutions wont be able to cope with the cash demands...

Plus if the WASPI women can claim that they werent given enough notice for a change to pension age then surely a significant impact like that would have to be flagged as for some people it is a significant amount of money (including me).

Maybe I should take some of it tomorrow just to be certain...?
although this would suggest that it was a leader error and not a policy....

https://www.ft.com/c...dc-cec5fc056cea

But it does look like they will be hitting hard on IHT - guess getting taxed on the money once before you use it for a house or invest is not enough... I'm not against IHT per se but I do think the family home should be exempt...as well as the ?325k allowance for each parent...

https://www.telegrap...her%20suggests.

Has been a rumour I?ve read from intelligent people. Surely not though.

Agree re IHT. It?s not a tax on super wealthy anymore. Most inheritances actually lead to a rise in consumer spending so a wealth creator to fund business to fund profits to pay tax on, rather than a one off tax.