The Autumn Budget has had a significant impact on adviser conversations around estate and tax planning, says Triple Point.
In October, the Chancellor announced that from April 2027, unused pension assets will be brought within the scope of inheritance tax. Meanwhile, the continuing freeze of the nil-rate band at £325,000, against a backdrop of rising house prices, means that more estates than ever will be drawn into paying IHT.
A survey conducted by Triple Point and Research in Finance found that 90% of advisers believe more clients now require IHT planning following the Budget, while 93% say it has directly impacted the advice they provide.
Diana French, retail strategy director at Triple Point, said: “With intermediaries looking to providers to communicate these changes, provide educational content on the impact, and offer solutions, it is crucial for the industry to step up and support advisers in helping their clients navigate these challenges.”
French said demand for tax-efficient investment solutions continues to grow, despite the increasingly complex tax landscape facing advisers and investors, with the firm seeing strong fundraising in its Triple Point Venture VCT and Triple Point Estate Planning Service.
French explained: “Investments into business which are expected to qualify for Business Relief play a crucial role in this landscape, providing patient capital to UK businesses, supporting job creation, innovation, and infrastructure development. This aligns with the UK’s broader economic growth agenda, ensuring that capital flows directly into sectors that are vital for long-term prosperity.
“Beyond tax efficiency, Business Relief offers investors a way to channel capital into purposeful initiatives that deliver tangible benefits to UK communities.”
French said the Spring Statement reinforced the growing importance of estate planning.
“As these tax changes continue to take effect, it is more important than ever for advisers to proactively engage with their clients about legacy planning, ensuring they are aware of the options open to them, allowing them to make informed decisions in an ever-shifting financial landscape,” French added.
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