April – December 2025 saw Treasury net £6.6bn from estates Inheritance tax (IHT) receipts for April 2025 to December 2025 reached £6.6bn, a rise of £200m compared to the same period last year, latest HM Revenue & Customs (HMRC) figures show. The continued rise in tax take from IHT was deemed “unsurprising” by experts who predicted a surge from April …
Interest rates reach their lowest levels since 2023 after the Monetary Policy Committee voted 5-4 in favour of a cut amid falling inflation. The Bank of England (BoE) has cut interest rates by 0.25 percentage points to 3.75%. In a widely expected move, the Monetary Policy Committee (MPC) voted five to four in favour of bringing borrowing costs down to …
The chancellor chose to leave the tax-free lump sum unchanged in the Autumn Budget The pensions tax-free lump sum has remained unchanged, despite speculation the chancellor would tinker with this in the Autumn Budget. Chancellor Rachel Reeves delivered her Budget today (26 November), confirming changes to salary sacrifice for pensions and inflation protections for pre-1997 pensions in the Pensions protection Fund and …
Ahead of Autumn Budget UK inflation rose by 3.6% in the 12 months to October 2025, down from 3.8% in September, strengthening the case for a further rate cut from the Bank of England next month. On a monthly basis, the Consumer Prices index (CPI) rose by 0.4% in October 2025, compared to a jump of 0.6% during the same …
Five MPC members voted to hold rates The Bank of England’s (BoE) Monetary Policy Committee (MPC) has voted to leave interest rates unchanged at 4%. In a meeting today (6 November), five MPC members voted to hold rates while the remaining four opted for a 25bps cut to 3.75%. The decision was hard to call ahead of the vote, noted AJ Bell …
Millions of people are at risk of missing out on retirement savings because they have lost track of their pension pots, Standard Life has warned. Research from the company found a quarter of UK adults do not know who their current pension provider is. The same amount were also unaware that moving jobs could result in multiple pension pots. While consolidation could …
