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The UK General Election 2024 – We asked our readers a number of questions on leading industry topics

As GBI & IFA Magazine’s weekly question series polls power ahead, our most recent question series for our audience focused once again on a diverse range of influential topics being widely discussed within the financial services industry. Our most recent poll focused on one of the most discussed and arguably anticipated events coming up this year, the UK general election. With the likely change of the UK government, there are a considerable amount of changes that could be implemented which the financial services sector will be keeping up to date with. We asked our readers their views on the impact the new government could have on investment choices, and whether or not they believe that change will come or remain largely the same with a new government. The full list of questions and answers can be seen below:

1) Will the announcement of the General Election in July drive more investors towards alternative investments before any potential rule changes?

 
 

When asked whether the announcement of the General Election in July will drive more investors towards alternative investments before any potential rule changes, 66.7% voted that they don’t personally feel the election will drive more investors towards alternative investments before any potential rule changes. 33.3% voted that they do believe that the election will drive more investments before any rule changes could take place. It is clear that the majority of participants believe that there will not be a considerable drive in alternative investments before a new government takes over.

2) Do you think the General Election in July will lead to changes in the benefits of tax-efficient investments?

 
 

When asked if they think the General election in July will lead to changes in the benefit of tax-efficient investments, 50% of participants voted that they do personally believe that the election will lead to changes. 25% voted that they are uncertain whether or not that the general election in July will lead to changes, with a further 25% voting that they don’t believe that there will be any changes at all in the benefits of tax-efficient investments.

3) Is it likely that the Lifetime Allowance changes will be reversed if a new government is appointed?

 
 

When asked if it is likely that the Lifetime Allowance changes will be reserved if a new government is appointed, the majority of participants with 60% voted that they believe that the allowance will remain the same. 40% of participants voted that they believe that the Lifetime Allowance will be reserved. With a labour win looking more and more likely, the party have previously stated that they will reintroduce the Lifetime Allowance, time will tell which changes are in fact implemented or remain the same.

As always, we would like to say a huge thank you to each and every one of our readers and followers who got involved with our most recent question series poll, we highly value being able to gain insight into our readers views and thoughts on many of the factors influencing our industry, so be sure to keep an eye out on our GBI Magazine, and IFA Magazine Twitter accounts next week for our next questions of focus! 

 
 

Discover a selection of Tax Efficient Opportunities on our Open Offers page.

 
 

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