Julia Cox writes for International Adviser on how UK clients should plan for a potential Labour government
The country is facing the likely possibility of an early General Election next year – which would appear heavily skewed in favour of a Labour government, given the turbulence under the Conservatives over the last few years.
Julia Cox, Partner, writes a piece for International Adviser on how UK clients should plan for a potential Labour government.
In the article, she outlines the potential policy changes on the horizon. It is expected that one significant area that would be heavily affected is tax.
Julia says:
"With potential changes lying on the horizon, there is no time like the present to review your estate and wealth planning, to avoid a messy last-minute scramble, and potentially financial losses.
"By deferring planning, thousands of people may be left susceptible to more penal taxes. However, by taking stock of the situation sooner rather than later, and progressing measures to protect wealth, taxpayers may be better placed to maintain preserve their money and where it goes, potentially leaving more of it available for future generations.
"Whilst these threats loom on the horizon and the next few years are likely to bring about significant change, those with savings can make decisions now, with a view to protecting their wealth for the future."
Read the full article in International Adviser here.
