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Labour's Potential Impact on Pension Plans and Inheritance Tax Cut
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Labour leader Keir Starmer's potential change in tax-free cash rules could impact pension plans, with alternative ways to manage income liability in retirement suggested. The UK top 1% would benefit the most from a proposed cut in inheritance tax, according to a report by the Institute for Fiscal Studies (IFS). The report also highlighted the potential fiscal cost and the need to address the surge in wealth among older generations.
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How can the government address the surge in wealth among older generations?
How might Keir Starmer's potential change in tax-free cash rules affect the economy?
What are the potential implications of the proposed cut in inheritance tax on social equality?
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