Tax efficient investments for higher rate taxpayers are now essential following last year’s Autumn Statement. As a reminder, the Chancellor announced a series of cuts to tax allowances such as: Dividend allowance, £2,000 to £1,000 and then £500 in tax year...
The Budget 2023 was all about pensions. Whether you are contributing, withdrawing, have a defined benefit pension or a defined contribution pension there was something for everyone. What was said in the Budget 2023 After rumours the pension Lifetime Allowance...
It’s getting harder and harder to avoid Inheritance Tax being charged on your home on your death. Inheritance Tax allowances have been frozen for many years and house prices have kept rising. If you are concerned about leaving your children a hefty tax bill then...
If you were already planning to retire then retiring after a redundancy is the jackpot position to be in. Not only were you going to leave your job anyway but now you also get a pay-out to add to your retirement savings and make the transition into retirement...
Changes to pension access are coming and if you are under 47 and wanted to be retiring by age 55 then you might need to think again. These types of rule changes are always something you need to be mindful of when saving into a pension. Governments over the years have...
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