What will the UK 2017 election mean for personal taxation?

A summary of the parties' main proposals outlined in 2017 election manifestos relating to personal taxation. This includes an overview of key party promises on inheritance tax, income tax, national insurance contributions and self-employment rights.

Our summary is based on information available and analysed up to 30 May 2017. Please note we have imported terms and words from the manifestos and the economics of the proposals have not been assessed.

 

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Tina Riches

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Election 2017 tax proposals

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What are the possible actions businesses and individuals can consider based on the manifestos?

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Reviewing your personal financial affairs to identify the impact of income, inheritance and capital gains taxes.

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Reviewing whether and how your pension and investments are protected from inheritance tax in the event of your death.

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In this edition we examine how to maximise alternative ways to save for retirement as the Government limits tax efficient allowances for pensions saving.

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