AJ Bell lays the odds for UK post-Brexit reforms
By Kirsten Hastings, 1 Jul 16
With UK chancellor George Osborne having abandoned his plans to generate a budget surplus by 2020 following Brexit, AJ Bell senior analyst Tom Selby gives his odds on whether HM Treasury will adopt any of the six radical money saving options available to them and if the Pensions Bill will be delayed.
“Recent changes to the treatment of pensions on death – allowing savings to be passed on tax free when someone dies before 75, and taxed at the recipient’s marginal rate post-75 – may look generous in a post-Brexit world.
“While the reform was introduced with some fanfare by Osborne – and made pensions more attractive as a tax planning vehicle – reversing it in these exceptional circumstances may be seen as a relatively uncontroversial way to raise cash for HM Treasury.”
