Independent News – Autumn 2024
A look ahead to the forthcoming Autumn Budget, plus much more besides.
On 30 October, Chancellor of the Exchequer Rachel Reeves will deliver the Autumn Budget Statement 2024, outlining the government’s economic strategy and providing insights into their taxation, public spending and fiscal policy plans. It promises to be a pivotal moment that will shape the economic landscape in the months and years ahead. On page 08, 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 and the forthcoming budget may well impact on this too. Because of this, Inheritance Tax planning to minimise tax liabilities is becoming ever more important. On page 06, we explain how understanding these nuances is essential in making informed decisions that will benefit you and your loved ones.
Recent research shows that more than three-quarters of retirees have already dipped into their pension pots by the time they retire. 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 03 to find out more.
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 05, we consider some key financial planning steps to help you take control and secure your family’s future.
There’s a whole host of other articles too, which we hope you find both interesting and useful. Click on the link below to read or download it.
As always, we are here to help and provide advice, so if you would like to discuss any of the matters raised, or if your circumstances have changed and you need some financial advice, please do not hesitate to contact us.
Download Independent News Autumn 2024