Autumn Budget 2022
Summary
These could potentially have a significant effect on our clients and the Business Analysis team is on hand to discuss any issues or queries that arise as a result of today’s announcements. With rising inflation and interest rates, it seems unlikely that the third option will be the most common choice of those affected individuals. It is important to note that trustees of a settlement are entitled to half the annual exempt amount of an individual for a tax year. Given that more individuals may be brought into the scope of CGT, tax-efficient investments such as ISAs, EIS/SEIS/VCT shares and perhaps even pensions may look more inviting to investors. The FSL Business Analysis team is actively analysing any potential changes today’s announcements will have on our products moving forward.