We have summarised the main points of the Budget below, along with a reminder of various changes from April 2026 that we were already aware of. PENSIONS Tax Free Cash from pensions No change. Tax Relief on Pension Contributions No change. Contribution Limits No change. Salary sacrifice From April 2029, anyone sacrificing more than...
In this update: Automatic Savings: The Only Way to Guarantee Your Financial Future It's a simple, undeniable truth in financial planning - saving needs to be automatic, or it simply won’t happen. This isn't a motivational catchphrase; it's a foundational principle rooted in human psychology and the...
Are you using your portfolio like a bank account? In this update: Why your portfolio should not be treated like a bank account. Is your Investment Portfolio a Piggy Bank? Think Again! It's a scenario many of us dream of - checking your investment portfolio and seeing a...
In one of the longest ‘Budget’ speeches in memory, Chancellor Rachel Reeves gave the first Labour Budget speech for nearly 15 years on 30 October 2024. This was clearly going to be a challenging Budget, with the Chancellor seeking to address the nation’s funding gap, while...
In this update: Voluntary National Insurance Contributions National Insurance Contributions National Insurance can be a confusing subject, and we can be forgiven for wishing to overlook the nuance and complexity of it. Some time spent reviewing our own situation now, in good time for the future, may leave...
In this update: The Big Picture The importance of portfolio rebalancing Withdrawal discipline The Big Picture It can be difficult to see the big picture when all that we are exposed to, driven by the media machine, appears only to be chaos and disorder. The good news is...
We have summarised the main points of yesterday's Spring Budget below, along with a reminder of various changes from April 2024 that we were already aware of. PENSIONS State Pension The triple lock means that the new state pension and basic state pension will increase by 8.5% in...
In this update: Latest Retirement Living Standards Latest Retirement Living Standards The latest update to the Pensions and Lifetime Savings Association (PLSA) Retirement Living Standards (RLS) reveal a shift in the cost of retirement living driven by changes in the UK public's expectations and increases to the...
Yesterday's Spring Budget included pension measures that went further than recent rumours suggested, when Jeremy Hunt announced the abolition of the pensions Lifetime Allowance alongside increases to the Annual Allowance, Money Purchase Annual Allowance and the Adjusted Income limit and minimum level for the Tapered...
The Chancellor’s Autumn Statement, given on 17 November 2022, included a number of tax measures aimed at improving the government’s finances – although there were no increases to the main rates of tax, reductions to various tax bands and allowances were announced and an extension...