Welcome to our latest issue. On 30 October, Chancellor of the Exchequer Rachel Reeves will deliver
the Autumn Budget Statement 2024. It will be a critical indicator of the government’s approach to managing the economy, aiming to foster an environment conducive to sustainable growth. The outcomes of this Autumn Budget will have far-reaching implications, potentially influencing everything from tax rates and public services to business investment and consumer confidence. As such, it is a pivotal moment that will shape the economic landscape in the months and years ahead. On page 10, we look at what it could mean for your finances
As we age or accumulate more wealth, protecting and preserving our assets for future generations becomes increasingly essential. This process, known as Inheritance Tax planning, estate planning or
intergenerational wealth planning, involves strategically managing your estate to minimise tax liabilities and ensure that your wealth is passed down to your loved ones in the most tax-efficient manner possible. On page 08, we explain how understanding these nuances is essential in making informed decisions that will benefit you and your loved ones.
More than three-quarters (78%) of retirees have already dipped into their pension pots by the time they retire, according to recent data[1]. This trend highlights a significant shift in retirement planning behaviours, where immediate financial needs or desires often outweigh the long-term benefits of leaving pension funds untouched. The implications of early withdrawals are multi-faceted and can significantly impact retirees’ financial security. Turn to page 05.
Balancing the many responsibilities of motherhood can be overwhelming, often pushing long-term financial planning onto the back burner. However, effective financial planning is essential for everyone, and as a mother, you face unique challenges that require extra attention. On page 13, we consider some key financial planning steps to help you take control and secure your family’s future.
We hope you enjoy…
