FTAdviser is the Financial Times’ specialist title dedicated to the UK financial advice profession. Each week one of our reporters will be joined by a panel of experts to discuss issues such how the latest regulatory developments will impact advice firms, how advised clients will be affected by the latest developments in pensions, investing, mortgages and tax, and how the financial advice profession will develop and grow. The FTAdviser Podcast is designed to inform regulated UK advisers on a range of topics, covering investments, pensions, regulation and other key issues.
Budget 2021: The big freeze?
This week chancellor of the exchequer Rishi Sunak his second Budget as the rollout of the coronavirus vaccine across the UK gives hope of a return to some degree of normality over the summer.Despite unveiling plenty of schemes to demonstrate how much he was investing in the UK economy, Sunak made clear that the bills racked up during the pandemic would soon be coming due.This meant several revenue-raising initiatives were announces, including an increase in corporation tax, frozen thresholds on income tax and capital gains tax and a frozen lifetime allowance on pensions - though the stamp duty holiday will continue for a little while longer as the government encourages more lenders back into the high loan-to-value mortgage market.FTAdviser digital editor Damian Fantato is joined by Claire Trott, head of pensions strategy at Technical Connection, Kevin Roberts, director of the L&G Mortgage Club, and Chris Etherington, private client partner at RSM to establish what this means for advisers.They discuss the various frozen thresholds, what the corporation tax hike might mean for dividends, how the lifetime allowance freeze could affect workers such as doctors and the concerns of boosting housing demand without also boosting supply.The FTAdviser Podcast is the weekly podcast for financial advisers, brought to you by FTAdviser. Each week, FTAdviser is joined by guests from the industry to discuss the week in news and pressing industry issues.See acast.com/privacy for privacy and opt-out information.
5 Mar 2021