Britain's wealthiest individuals are growing increasingly concerned about rising taxes, prompting many to take protective measures ahead of new Inheritance Tax rules set to commence in 2027.
A key area of concern is the government's decision to include defined contribution pensions within the scope of Inheritance Tax from April 2027.
The Wealth Index has risen to 64.7, up from 58.2 earlier in the year, indicating a partial recovery in confidence among HNWIs, although it remains below last year's peak of 66.9, reflecting ongoing caution.
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Author's summary: HNWs face rising tax burden due to new Inheritance Tax rules.