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The Autumn Statement Rumour Mill
On Wednesday 22 November the 2023 Autumn Statement will be delivered by the Chancellor of the Exchequer. Amidst a background of high interest rates and inflation, the measures announced by the Chancellor will be keenly analysed; particularly as they could set the tone for the general election which is due in 2024.
As is usual at this time of year, we can expect multiple announcements by various interest groups as they attempt to influence the direction of the Autumn Statement. For example, when it comes to inheritance tax, we have already seen various commentaries including a call for AIM market inheritance tax exemptions to be extended to cover other listed stocks. The danger is that it can be all too easy to see these commentaries or calls for action as changes in policy rather than discussion points. That’s why it is so important to get professional advice before making any pension or investment decisions that could otherwise be adversely affected by rumour.
We will be reporting on the Autumn Statement once it has taken place. In the meantime, if you are looking for advice on pensions, or if your situation has changed and you may therefore need to review your existing pensions or investments, contact Beckworth by using one of the links on our website.