Welcome to our latest edition. As we enter another new phase in the coronavirus (COVID19) pandemic, each UK nation has set out a roadmap out of lockdown, a positive sign that we can hopefully, start to get back on track both financially and emotionally.
It’s always a good time to consider financial planning, but even more so at the start of a new tax year, when you have a fresh set of annual allowances to take advantage of. Tax rules and regulations continually change so it’s important to stay up-to-date. On page 06, we look at why now is the perfect opportunity to take advantage of these and align them with your goals.
The government has confirmed that it plans to increase the minimum pension age at which benefits under registered pension schemes can generally be accessed, without a tax penalty, from age 55 to age 57 from 6 April 2028.