Summer Newsletter 2025
In the first six months of this Government, tax never seemed to be far from
the headlines. The rumours of what taxes Rachel Reeves might raise in her
first Budget got replaced by headlines about the increase in employers’
National Insurance Contributions (NICs) and the protests by farmers about
proposals to bring their businesses within the Inheritance Tax (IHT) net for
the first time in a generation. Many of the rumours, of course, did not turn into
reality, including the one that NICs would become chargeable on occupational
pension contributions.
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