As we enter another new phase in the 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.
Meanwhile, rest assured, the entirety of the Fairstone team is continuing to work tirelessly on your behalf to support you and your financial health. If you have any queries or concerns, no matter how small, please do not hesitate to get in touch – we are here to help you.
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. In this issue we look at why now is the perfect opportunity to get your financial affairs in order 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. In this edition we explain the implications of this announcement and the potential impact it could have on the timing for taking your pension benefits.
Are you ‘mid or late career’ or planning to retire within 10 years? If the answer’s ‘yes’, then you will probably want to know the answers to these questions: Will I be able to retire when I want to? Will I run out of money? How can I guarantee the kind of retirement I want? We’ve provided five ways to boost your pension savings and help you achieve your retirement goals sooner.
Everything we do is dedicated to growing, managing and protecting your assets. We align our expertise with your individual needs, putting you at the centre. To discuss how Fairstone can help you, please contact us. We look forward to hearing from you.
Chancellor of the Exchequer, Philip Hammond, delivered his first Spring statement to Parliament. In a break from recent tradition, the chancellor did not use the financial statement midway between budgets to present a pre-budget report.
We look at the key announcements:
To discuss how Fairstone can help you, please contact us. We look forward to hearing from you.
