Planning for the next generations: Impact of the Autumn Budget on the Private Client Sector Webinar

With Sarah Bolt, Partner, Culver Law and Bristol Law Society Council Member

On Wednesday 26 February 2025

At 12.30pm-2.00pm online

Much of the UK’s wealth is currently held by the older, baby boomer, generation. It is estimated that around £5 trillion will pass to the younger generations over the next 30 years. Although the most common way to pass on wealth to the next generation is to make a Will, it is incredibly important to consider the options for your clients, especially when inheritance on death is now happening much later in life. Estate planning and wealth transfers during lifetime are growing in importance, particularly when working to mitigate potential tax implications.

This webinar will help practitioners work through and understand the changes made to the private client sector as a result of the Autumn budget in 2024 including changes to inheritance tax and how this will work in practice enabling them to be better equipped to provide clients with advice on estate planning, including the various options available to help mitigate tax liability on death to be able to pass on as much to the next generation(s) as possible.

In particularly, we will consider:

The Great Wealth Transfer: Silent Generation and Baby Boomers

Changes on the horizon – Autumn Budget. Reforms to:Inheritance tax, including thresholds for residence/nil rate bands, APR and BPR, and pensions.

o Capital Gains Tax, including carried interest, Business Asset Disposal Relief, and Investors Relief

o Change from the non-domiciled regime and end of protected trust status

o Income Tax, Stamp Duty Land Tax, Corporation Tax

o Staffing costs

o Private school fees and VAT

Estate and succession planning:

o Gifts during lifetime

o Using trusts to hold assets

o Passing on assets in a Will

Impact of the Autumn Budget on private client disputes?

Other considerations:

o Deliberate deprivation of assets: care fees

o Lifetime gifts: presumption of undue influence

o Tax implications and increased scrutiny by HMRC

o Post death variations

o Charitable giving

Target Audience: All fee earners practising in Private Client matters including contentious and non-contentious probate

Registrations are closed

Private Client Webinar