Investors focus on securing the future of family finances ahead of tax changes

British investors prioritize continuing their wealth to family members to avoid damage to towering tax raids, new research has found.

More than 50 percent of people who are close to retirement gives wealth as a top priority, up from 32 percent in 2023, according to a survey from BRI Wealth Management, because Savers chose to focus on securing the future of their family’s finances because it is worried about the performance of their short -term investment markets.

Only 45 percent of people said their return rate of investment was their biggest concern, a sharp decline of 58 percent recorded in 2023.

Far from supporting families, concerns about increasing the cost of life care later on are also a priority that develops.

For 55 percent of respondents, the cost of long -aged maintenance is the main concern of this year, overtaking the return of investment and retirement lifestyle.

Wealth is in a hurry

Hurriedly to provide wealth to family members has been credited to the tax changes introduced in the last autumn budget, including bringing pensions into the scope of inheritance tax, by industrial numbers.

The government estimates that this decision will collect a total of £ 1.5 billion in 2030 and bring around 1.5 percent more plantations above 4 percent at this time.

And Boardman-Weston, executive chief at BRI said: “This research reflects the evolution of investor priorities.”

“While market performance will always be important, the family is increasingly focused on protecting wealth, supporting the next generation and preparing the reality of aging.”

Business misery

Business owners have also changed their investment priorities in recent years, in the midst of the reshuffle of labor law and the constant economic environment.

Nearly three -quarters of the British business owner said that extracting taxes efficiently was their biggest concern, an increase of 20 percent from 2023.

Meanwhile, broader macro-economic pressure also continues to burden the owner, including the vulnerability of supply chains which are exposed by the introduction of Trump tariffs and decreased demand for goods and services.

Increasing the contribution of national insurance in April also has an impact on employers through increasing labor costs and reducing profitability so as to make many small businesses forced to close their doors.