Autumn Budget 2024
Learn what it is and how it may impact your investments and pensions
What it means for your Virgin Money Pension
Your Virgin Money Pension is currently exempt from inheritance tax on death.
But from April 2027 unspent pensions will be included in the value of your estate on death. So there may be inheritance tax to pay.
What it means for your Virgin Money Investment Account
Capital Gains Tax rates increased on 30 October 2024. The lower rate has risen from 10% to 18% and the higher rate from 20% to 24%. So if you cash in your investments and CGT is payable, it’ll be at the increased rates.
There’s no change to the £3,000 tax-free allowance.
Watch our videos
The Autumn Budget 2024
Take a look at the changes to Pensions and Capital Gains Tax revealed in the Autumn Budget.
The information in this video is correct as of 31st October 2024.
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How pension aware are you?
Whether you’re in retirement, it’s just around the corner, or you’re a long way off; we’re serving you red hot pension facts.
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