With just a week to go until The Herald’s post-budget briefing breakfast, the new Chancellor is urged to tread carefully in areas such as capital gains tax, inheritance tax and pensions.
Roger Clark, head of wealth management at Brown Shipley, said these areas are ripe for review.
However, he warned acting too quickly for the sake of it risks uninformed policy changes, highlighting pensions policy as a good example, with significant reforms in 2006 and 2015 both delivering complex and unwieldy policy. “It’s no secret that many believe pensions require major surgery, so to speak,” Mr Clark said. “But whether the new Government is considering reforms to this policy area or others, we would much rather they do a comprehensive review of the whole system to make it simpler, rather than just tinkering around the edges.
Mr Clark will be among the panellists at next week’s Herald Budget Briefing Breakfast, which is supported by Brown Shipley, Campbell Dallas, Strathclyde Business School, Wright, Johnston & Mackenzie LLP and 200SVS.
The event will provide delegates with the opportunity to network, learn, question and hear from industry experts regarding the Chancellor’s budget announcement on March 11. Commentator Iain Macwhirter and a panel will share their expertise and thoughts, followed by an audience Q & A.
The other panel members are: Fraser Campbell, partner at Campbell Dallas; Grant Johnston, partner and head of wealth planning at Wright, Johnston & Mackenzie LLP; Susan Love, policy manager at the Federation of Small Businesses (FSB); and Professor Graeme Roy, director of the Fraser of Allander Institute.
The event runs from 8-10.30am on Thursday, March 12 at 200SVS in Glasgow.
To secure your space visit newsquestscotlandevents.com/events/budget-briefing-breakfast. Contact Kirsty Loughlin on 0141-302-6016 or at Kirsty.firstname.lastname@example.org for further details.