Dean Jones, head of paaleads.com, looks at changes in the recent Budget
Since the start of the year I have discussed a wide range of topics from the effects of new stamp duty margins to how advisers are adopting new online technologies as part of the journey to new model advisers. Changes to the intermediary market seem to develop on almost a fortnightly basis, and last month’s emergency budget will ensure that consumers will need good quality advice on how to cope with the raft of changes imposed by the Chancellor.
In the last week, the new coalition government’s budget reforms have dominated the media with a huge focus on capital gains tax. Many thought this would be pushed up to 40% with some sceptics believing it may even reach 50%. When Mr. Osbourne announced that this was going to be risen to 28% for higher rate tax payers, I wouldn’t be surprised if a large number of investors across the country asked themselves “it that it?””