Retirement relief tax breaks for brokers disposing of business assets cease on 6 April.
Historically, a capital gains tax break has applied to sole traders or members of a partnership aged 50 or over, or in ill health, and selling either a whole business or a distinct part of a business.
The level of retirement relief has gradually reduced since the taper relief scheme was introduced in 1999.
Brokers who finalise deals to sell before the 6 April deadline will receive 100% relief on gains up to £50,000 and 50% tax relief on gains from £50,000 - £200,000.
For brokers selling up after 6 April, taper tax relief of up to 75% on business assets still applies, depending on how long the asset was owned.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
