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Paraplanners Assembly 2024: What did Les Cameron learn from Labour’s Budget?

7 Nov 24 60 min watch

 Les Cameron of M&G Wealth, joined the Paraplanners' Assembly to share his thoughts on the Budget from just one week before on 30 October.

As well as the fact that Rachel Reeves made history by becoming the first woman to deliver a budget as Chancellor of the Exchequer, were there measures that are sure to feature when Budget history is written?

Or were the widespread jitters among savers and investors ill-founded as Labour delivered its first Budget since Alistair Darling’s on 20 April 2010 – no fewer than 5,334 days earlier.

What actually happened?

Were the headlines screaming about capital gains and inheritance tax? How about pension tax relief and fuel duty? Or national insurance and the British ISA? Perhaps even VAT on school fees or measures affecting non-doms? And what about a wealth tax?

Whatever the contents of the red box, listen to Les as offers his thoughts and insights. 

Les Cameron (Head of Technical, M&G Wealth)
Richard Allum (Paraplanners' Assembly)

Les and Richard discuss the key takeaways from Labour’s Budget.

60 minute video (approximately)     

Learning outcomes

By the end of this session, you will be able to understand more about Labour's 2024 Budget.

Download the slides

Claiming your CPD

A. What's the effective rate of tax payable with BADR in 2025/26?

  1. 10%
  2. 14%
  3. 18%

B. When are the IHT nil rate bands frozen to?

  1. 2025/26
  2. 2028/29
  3. 2029/30

C. What's the limit of relief for qualifying business assets over £1m?

  1. 100%
  2. 50%
  3. 40%

A. What's the effective rate of tax payable with BADR in 2025/26?

  1. 10%
  2. 14%
  3. 18%

B. When are the IHT nil rate bands frozen to?

  1. 2025/26
  2. 2028/29
  3. 2029/30

C. What's the limit of relief for qualifying business assets over £1m?

  1. 100%
  2. 50%
  3. 40%

Before collecting your certificate, please take a moment to provide us feedback on this session, please email prudential.distribution.team@prudential.co.uk

Complete the form below and we’ll email your CPD confirmation to you. Please use the email address that you would usually use when contacting us.

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