As we enter 2025 and as the tax year end approaches, Fidelity's Paul Squirrell reflects on one of the most talked about Budgets in recent memory and consider the implications for financial planning.
DownloadChancellor Rachel Reeves delivered the much-anticipated first Budget of the new Labour government on 30 October, outlining her plans to plug the £22 billion ‘black hole’ in the nation’s finances. Fidelity's Paul Richards and Paul Squirrell got together to examine exactly what’s changed – and what hasn’t changed – in areas such as pensions, ISAs and capital gains tax. They also consider inheritance tax and pensions and what the Chancellor’s proposals means for estate planning.
Please join us for a 45-minute live webinar on Thursday 23 January at 10.30am.
Find out more and registerHelping clients save in the most tax-efficient way is one of the principal ways advisers add value. Here, we look at a number of ways you can help your clients maximise their tax breaks.
All the rates and thresholds – includes the Autumn Budget 2024 update.
Paul Squirrell explains why pensions should still be the starting point for clients saving for their retirement.
Paul Squirrell considers why it makes sense to use the ISA allowance sooner rather than later in the tax year. He also looks at an alternative to paying fees from within this tax-advantaged wrapper.
A client has money to invest but they have already made their pension contributions and used up their ISA allowance. So, what should they do next?
With the lifetime allowance replacement now in force, Paul Squirrell explains why this is good news for clients saving for their retirement.
Where clients accessed their pension prior to 6 April 2024 and used part or all of their LTA, they have the option to apply for a certificate providing them with additional allowances.
Our checklist is designed to highlight important considerations for clients making pension contributions. While there is no limit to the amount that can be saved into pensions each tax year, there is a limit in respect of the contributions that can potentially receive tax relief.
DownloadPaul Squirrell, our pension expert, answers technical questions which routinely come up. You can also submit questions you may have.
A range of technical insights on retirement, tax planning and regulatory updates.
Here we present insights and ideas on ensuring a client’s income lasts a lifetime.
Answers to the most commonly asked questions by users of our platform.
All aspects of your clients’ accounts managed through our secure online product administration system.
A transparent and flexible approach to charging.
The value of investments and the income from them, can go down as well as up, so clients may get back less than they invest. The value of benefits depends on individual circumstances. The minimum age clients can normally access their pension savings is currently 55, and is due to rise to 57 on 6 April 2028, unless they have a lower protected pension age. Different options may have different effects for tax purposes, different implications for pension provision and different impacts on other assets and financial planning.
Overview
