Media Centre

Record numbers earning six figures means more will be hit by 60% marginal tax rate, with frozen thresholds until 2031 hurting more ‘HENRYs’.

Rathbones, one of the UK’s leading wealth and asset management groups, with offices in Glasgow and Edinburgh, comments on the Scottish Budget announcements.

Investors face a year of nuance following the tech-driven returns of 2025, with geopolitics, AI efficiencies and government policy all likely to shape markets over the coming 12 months, according to Rathbones, one of the UK’s leading wealth and asset management groups.

Cuts to Venture Capital Trust (VCT) income tax relief announced in the Budget risk undermining growth and cancelling out the positive impact to UK businesses from changes to the Enterprise Investment Scheme (EIS), Rathbones, one of the UK’s leading wealth and asset management groups, has warned.

Frozen thresholds will push 2.3m workers into the £100k tax trap by 2029, facing steep marginal rates and major childcare benefit losses.

Rathbones, one of the UK’s leading wealth and asset management groups, today underscored its commitment to creating long-term, values-driven wealth through responsible investment at its inaugural Group-wide Responsible Investment Summit in London, delivered by Rathbones Greenbank, Rathbones’ specialist responsible investment team.