Smart Money Newsletter

With the current tax year having begun on 6 April 2022, the clock is ticking and it is important to utilise all the tax reliefs and allowances available to you before 5 April 2023. Time is also running out to take advantage of this year’s Individual Savings Account (ISA) allowances.

Our first Smart Money newsletter of 2023 looks at all of this and more including how inflation is affecting retirement plans, why many millennials are willing to forgo inheritance and whether it’s time for a tax health check.

Full contents of this issue:

• Millennials willing to forgo inheritance
  Harder to support bigger financial commitments of older generation parents
• Chancellor retains state pension triple lock
  State pension is set for a record-breaking increase from April 2023
• Don’t miss the ISA deadline
  Use your tax-efficient allowance or lose it forever!
• Phased retirement
  Pre-retirees sharing their plans, but will rising living costs halt their plans?
• No ‘one size fits all’ protection solution
  Helping you feel confident that your family’s finances are secure
• Taxing times
  Time for a tax health check
• Time to get your retirement plans in motion?
  Three in five Britons feel stressed about later life planning
• Tracing old and lost pensions
  Nearly half of pension holders have lost track of some of their pension pots.
• Feeling the pinch
  Women more vulnerable to cost-of-living crisis
• Perfect storm
  Major long term ramifications for financial health and wellbeing
• Show me the money
  Choosing an investment style the best suits your needs
• Impact on climate change
  Nearly two-thirds of people in the UK are more concerned about climate change
• Ins and outs of CGT
  Ways to potentially reduce your Capital Gains Tax liability
• Planning to meet your goals
  How advice can boost your financial wellbeing
• What sort of lifestyle will you be able to afford
  How inflation could be impacting on your retirement plans
• Understanding pensions
  A topic high up on the recruitment radar
• Insurance that works while you can’t 
  Would you be able to carry on paying the bills using statutory sick pay or your savings?
• Time to talk
  Discussing Wills and trusts with adult children or dependents
• Menopause in the workplace
  Unique retirement planning challenges women face

If you would like to discuss any of these topics, please do get in touch.