Nearly three quarters (73%) of family business owners are concerned about the impact of upcoming policy and tax changes on both their business and family plans, such as succession, according to research from Hymans Robertson Personal Wealth.

James Cowper Kreston has announced the release of its latest Year-End Tax Planning Guide, designed to help family businesses and their owners take a proactive approach to tax planning ahead of the financial year-end. The new guide provides practical advice and insights tailored specifically to the needs of family-owned enterprises, offering clarity on key tax considerations and opportunities to optimise financial outcomes in an evolving economic landscape. With many family bu

Entrepreneurs across the UK are racing to reshape their financial strategies ahead of expected tax and policy changes, according to research from Brown Shipley, the UK wealth manager and subsidiary of Quintet Private Bank.

Land-owning and farming families often face unique financial and estate planning challenges.

While Employee Ownership Trusts remain a valuable structure, the focus is moving firmly away from tax efficiency alone and back towards the underlying purpose of employee ownership.

For family businesses, passing wealth and control to the next generation can be both a strategic and an emotional journey. However, evolving tax legislation is putting increasing pressure on these transitions especially in light of upcoming changes to Business Property Relief (BPR) and rising tax burdens such as National Insurance increases. These developments are prompting many families to reassess their business structures and succession planning. In this article, we will

A national survey commissioned by UK law firm Brodies LLP has revealed that UK residents aged 50 and over are underprepared for the upcoming changes to inheritance tax (IHT), with only 26% fully understanding how the new rules will impact their wealth transfer plans. The representative YouGov survey of 2,001 adults highlights concerning gaps in estate planning and family communication, raising alarms about the risks of inadequate succession strategies in the wake of the new

The UK Budget 2024 has introduced significant reforms to Agricultural Property Relief (APR) within the Inheritance Tax (IHT) framework, creating major implications for British farmers. APR has long been a vital tool for enabling family farms to pass to the next generation with reduced tax burdens. However, the upcoming changes mean that larger farming estates could face higher IHT liabilities, potentially threatening their financial sustainability. These reforms have already

Are you worried about your family’s financial future? Recent UK Autumn Budget changes have raised concerns for business owners, particularly regarding inheritance tax (IHT). As a business owner, safeguarding your legacy is crucial, and life insurance can be a powerful tool to mitigate IHT. Martin Lindsey, Head of Advice at FBU Partner Brooks Macdonald shares his thoughts. Key Changes In The Autumn Budget Inclusion Of Pensions In Inheritance Tax Calculations Significant cha

The 2024 UK Budget introduces a significant change to inheritance tax (IHT) rules that could reshape financial planning for family business owners. From April 2027, pensions will now be included under IHT assessments, posing new considerations for those aiming to pass on wealth efficiently. For many, pensions have been a key component of inheritance tax planning, but these changes mean it’s time to reassess how retirement savings factor into broader legacy and succession stra

Chancellor Rachel Reeves has unveiled the much-anticipated Autumn Budget, outlining the government’s plans to address the nation’s financial challenges. As expected, the budget includes several significant changes. Here, we break down the key announcements and what they may mean for your wealth. Major Budget Announcements That May Affect Your Wealth We have outlined four key changes with direct implications for your wealth: Capital Gains Tax Reforms Significant capital gain

Martin Lindsey, Head of Advice at FBU Partner Brooks Macdonald , provides his thoughts for people considering withdrawing their pension tax-free cash as a lump sum ahead of any potential changes in the forthcoming budget. With the UK government’s budget on 30 October approaching fast, many people are considering withdrawing their pension tax-free cash as a lump sum to get ahead of potential changes. Some might even be thinking about gifting this money to loved ones. However,

Martin Lindsey, Head of Advice at FBU Partner Brooks Macdonald , details the plans that Chancellor Rachel Reeves could announce in the Autumn Budget on 30 October and stresses the need to act fast. The £22 Billion Budget Black Hole Is To Fall On The Broadest Shoulders Households have been warned to expect a disappointing budget, especially those perceived to have the broadest shoulders. Ahead of the government's plans to unveil its tax and spending decisions in the Autumn Bud