Posted by: nmarsh February 27th, 2015

We have just posted our newsletter for the first quarter of 2015, which, as it comes at the start of a New Year marks the run-up to one of the most important times in the personal financial planning calendar, as we set financial resolutions and review tax year end planning opportunities.

The end of the tax year, the 5th April, falls this year on Easter Sunday. This means that any planning which is tax year sensitive needs to be completed by Thursday April 2nd.   Thus January is the perfect time to put in place strategies to minimise tax throughout the 2015/16 tax year. 

We were expecting the budget in March to be dull within one year of an election. It was, however, anything but, with the Chancellor, George Osborne’s, announcement that everyone with savings in pension funds was to be allowed greater freedom to access them. Despite the rather flippant remarks about Lamborghini’s, this is likely to mean that more people need professional advice when making decisions about their retirement income.

Whilst some may be satisfied with the free advice to be provided by the Citizens Advice Bureau and The Pensions Advisory Service (TPAS), many more people will want to access more detailed, bespoke information, available from professional financial planners.