New research from Barclays Wealth reveals the UK’s unpreparedness for tax changes
A third of Brits feel unprepared for post-pandemic tax changes: Barclays. Source: pexels.com
According to Barclays, the poll of over 2,000 UK adults revealed that a third of adults (30%) feel unprepared for post-pandemic tax changes, rising to just under two-fifths (39%) of millennials.
Only 16% of UK adults have planned ahead and feel prepared for potential tax changes.
The research reveals that the UK is concerned about the knock-on effect of potential future tax changes to their wealth, saving and retirement goals.
In fact, a quarter of Brits (23%) are worried that a potential change to Capital Gains Tax would impact their investment goals.
Besides, over a third (37%) are worried about future changes to income taxes impacting their saving and investment goals and a quarter (26%) fear that a new wealth tax would impact their financial plans.
We’ve reported that over 3/4 of cashless transactions in DACH region are now contactless.
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