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.
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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.
A complete list of the articles featured in this issue appears on pages 02 and 03.
Are you ready to secure your financial future?
Whether planning for retirement, investing your money or protecting your wealth, we can assist with every aspect of your financial planning. Contact us today to discuss your specific needs and start building a brighter, more secure future now. Your financial success begins with a single step.
If you would like to discuss any of the articles in this issue, or would would like to discuss your financial futre, please get in touch to book your FREE discovery meeting with Michael. Call 023 80848410 or email enquiries@oysterfinancialplanning.co.uk
