04/05/2021
OUR LATEST BI-MONTHLY MAGAZINE OUT NOW (May - Jun 2021)
Welcome to our latest edition. As we enter another new phase in the coronavirus (COVID-19) 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. On page 03 we explain why this announcement may, in particular, have an impact on the timing for taking your pension benefits.
With all of us leading longer lives, you might be considering how you can help your grandchildren when it matters most. On page 09, find out how sharing your wealth during your lifetime can make a big difference and bring you a lot of joy, particularly when helping younger generations who are dealing with rising house prices and university fees.
If you’ve been diligently saving into a pension throughout your working life, you should be entitled to feel confident about your retirement. But, unfortunately, the best savers sometimes find themselves inadvertently breaching their pension lifetime allowance and being charged an additional tax that erodes their savings. Turn to page 12 to find out more.
Planning for life's journey
Your wealth needs to serve you differently at different stages of your life. Individual life planning should not be a one-off exercise. Your personal circumstances, requirements, expectations and aspirations will develop over time. That’s why we’re here to support you through life’s adventures and provide the right solution at every step of the way. To discuss how we can help you plan for life’s journey, please contact us. We look forward to hearing from you.
These and previous magazine (and article,) can be downloaded from the site archive, via the following link:
http://www.absolutefinance.net/download.php
Once again, we hope you enjoy reading this issue. Should you have ANY questions relating to ANY of these articles, please feel free to call/email me:
[email protected]
NOTE:
1) There is no requirement to input your email address or any other information to download/attain this information. This can be downloaded at ANYTIME for FREE. Personal information is only required if you want to be added to the distribution list.
2) We also produce an edited version of our bi-monthly magazine (12 pages). Should you wish to receive this, please send me a message with your email address; and I will add you to our distribution list. The edited version is not available via the company website.
