sm124 - Flipbook - Page 2
SEPTEMBER / OCTOBER 2025
Contents
Inside
this issue
04
Welcome to our latest issue. The National Institute of
Economic and Social Research (NIESR) has issued a
stark warning. If no action is taken, the government is
likely to miss its 昀椀scal rule, which requires that day-to-day
spending is covered by tax receipts of a signi昀椀cant
£41.2 billion by 2029/30. To stay on track, Chancellor
Rachel Reeves will need to implement further tax
increases. This raises important questions about the
policies being considered and who might face the
greatest 昀椀nancial impact. From workers’ wages to pension
contributions, many groups could be most a昀昀ected by
these changes. Turn to page 07 to read the full article.
03
08
EVOLUTION OF BONDS
GOVERNMENT CONSIDERS
individuals and families utilise them for future planning. On
Increasing awareness of
INHERITANCE TAX REFORMS
page 09, we explain how they often serve as a safeguard
intergenerational wealth transfer
Tightening gift-giving regulations is
A UK trust is a legal arrangement in which one party
holds and manages assets on behalf of another party, in
accordance with the terms set by the trust’s creator. Many
for wealth, ensuring that assets are passed on to the next
generation according to the speci昀椀c wishes of the owner.
among the measures being considered
04
their complexity, obtaining professional advice before
UNLOCKING FINANCIAL FREEDOM
09
setting one up is vital.
Save, invest and grow your wealth
PASSING ON WEALTH
for a secure future
THROUGH TRUSTS
Trusts are essential in estate planning; however, due to
A signi昀椀cant proportion of people (47%) plan to pass
on their wealth to future generations, with over a third
(38%) intending to transfer assets directly to their children,
according to a new report[1]. However, many are unaware
of how to do this in a tax-e昀케cient way. With the increasing
Is it the right moment to begin
06
safeguarding your wealth for the future?
awareness of intergenerational wealth transfer following the
GRANDCHILDREN’S FUTURE?
signi昀椀cant changes announced in the 2024 Autumn Budget,
10
Protect their future with strategic
WHY PROTECTION MATTERS
on page 03, we examine two notable examples.
planning to leave a lasting legacy
Do you have a safety net for you
IS IT TIME TO INVEST IN YOUR
The UK Treasury is seeking new ways to reduce the
growing de昀椀cit ahead of the much-anticipated Autumn
and your loved ones in case the
Budget. Reports suggest that o昀케cials are exploring further
07
potential changes to Inheritance Tax (IHT) rules. Tightening
HOW CHANCELLOR RACHEL
gifting regulations is just one of the measures being
REEVES COULD INCREASE TAXES
considered to increase revenue and stabilise the country’s
Discover what the Autumn Budget could
昀椀nances. Read the full article on page 08.
mean for workers and pensioners
A complete list of the articles featured in this issue can
be found on the right. t
Secure your financial
success with confidence
No matter your financial goals, we’re here to
help you achieve them. Align your finances
with what matters most to you. For more
information, please contact us—we look
forward to hearing from you!
Source data:
[1] Survey of 4,000 nationally representative UK adults
conducted for LV= by Opinium in March 2025.
02
unforeseen happens?
12
DO YOU HAVE MULTIPLE PENSION
POTS TO KEEP TRACK OF?
When leaving a job, how to stay
updated on your retirement savings
Information is based on our current understanding of taxation
legislation and regulations. Any levels and bases of, and reliefs
from, taxation are subject to change.
The value of investments may go down as well as up, and you may
get back less than you invested.
The content of the articles featured in this publication is for your general information and use only and is not
intended to address your particular requirements. Articles should not be relied upon in their entirety and shall
not be deemed to be, or constitute, advice. Although endeavours have been made to provide accurate and
timely information, there can be no guarantee that such information is accurate as of the date it is received or
that it will continue to be accurate in the future. No individual or company should act upon such information
without receiving appropriate professional advice after a thorough examination of their particular situation.
We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of any articles.
Thresholds, percentage rates and tax legislation may change in subsequent Finance Acts. Levels and bases
of, and reliefs from, taxation are subject to change and their value depends on the individual circumstances
of the investor. The value of your investments can go down as well as up and you may get back less than you
invested. Past performance is not a reliable indicator of future results. The Financial Conduct Authority does
not regulate tax advice, Inheritance Tax planning, trusts, estate planning, Will writing or Cash昀氀ow Modelling.
