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Just 15% of HNW Brits believe they should pay more tax

By Robbie Lawther, 17 Nov 22

Chancellor Jeremy Hunt is likely to announce changes in the upcoming Autumn Statement

Cover photos of the Autumn Statement 2022

Copyright: Flickr/HM Treasury/Zara Farrar

Taxation levels in the UK have been a source of great debate for decades. Many on the left and right of politics have given their views on whether wealthier people in the UK should pay more tax.

This is even more prominent during the cost-of-living crisis as many people across Britain are struggling to pay their bills.

During the Autumn Statement today, chancellor Jeremy Hunt is likely to announce tax increases that will impact many, including the wealthiest in the UK.

But according to a survey by Charles Stanley, 58% of high net worth Brits with over £500,000 ($594,297, €573,273) in investable assets believe that they are paying the right sum of tax.

Some 27% feel that they are paying too much and 15% feel that they should pay more.

International Adviser recently assessed the potential tax changes to inheritance tax and capital gains tax that could be made during the statement.

Tags: CGT | Charles Stanley | IHT

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.