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What was in the 2021 UK Autumn Budget?

John Williams was joined by Andrew Robins from RSM UK as they discussed the announcements from Rishi Sunak’s 2021 Autumn Budget, as well as the other details published before, to flag what they mean for UK tax payers and their families.
Published 28 October
42 mins

The pandemic has left the UK with record levels of national debt and rising, with implications for the Bank of England and the government as the cost of servicing that debt grows. And although the increase in national insurance contributions is far from popular, on both sides of the parliamentary aisle, the additional £12 billion a year the change is expected to bring is welcome, as are the significant savings from the temporary halt to the triple lock on pensions. And although we did not see an changes to the capital gains tax  (aside from a small change with regard to the reporting and payment timeline) and inheritance tax, other announcements perhaps signal a direction of travel.

John Williams, head of wealth planning at Nedbank Private Wealth, was joined by Andrew Robins, a partner in the private client team at RSM UK – a global provider of audit, tax and consulting services – to discuss Rishi Sunak’s 2021 Autumn Budget. John and Andrew sought to set out the key changes announced and what these mean for the individuals and families who file taxes in the UK.

Clients of Nedbank Private Wealth can get in touch with their private banker directly to understand how wealth planning can help them achieve their financial goals and objectives, or call +44 (0)1624 645000 to speak to our client services team.

 

If you would like to find out more about how we can help you with wealth planning support, please contact us on the same number as above, or complete the contact us form using the link below.

Any examples of investments and structures used are for illustrative purposes only. The inclusion does not constitute an invitation or inducement to buy any financial investment or service. None of the content constitutes advice or a personal recommendation. Nedbank Private Wealth does not provide individual tax advice, and instead works with clients’ existing advisers or can provide an introduction if needed. Individuals should seek professional advice, based on their jurisdiction and personal circumstances, before making any financial decision.

about the presenters

John Williams

John Williams

John heads up the wealth planning division for the international business. He works with clients and their families, in tandem with their professional advisers, to ensure they have a clear wealth plan in place to help them achieve their financial and lifestyle objectives. Working in partnership with our teams of private bankers, he integrates the benefits of wealth planning alongside our broader wealth management and wealth structuring capabilities.

 

John has over 25 years of advisory and management experience, working for global organisations providing advice and solutions to a wide variety of UK and international clients. He joined from Credit Suisse UK where he was head of wealth planning for five years. He has also held similar senior roles at Barclays and UBS.

 

John is a Chartered Financial Planner, a Fellow of the Personal Finance Society and is a full member of the Society of Trust and Estate Practitioners (STEP).

Andrew Robins

Andrew Robins

Andrew is a partner in the London private client team at RSM.

He specialises in advising individuals and families on how to structure their affairs, with particular focus on international matters. Andrew’s practice ranges from helping parents work out how to provide for their children financially, individuals relocating to or from the UK, to providing complex technical advice to international trustees involving multiple legal jurisdictions. 

 

Prior to joining RSM as a partner in 2016, Andrew spend 14 years at the Royal Bank of Canada, where he was co-head of the bank’s UK tax advisory team.

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