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May – June 2023 Newsletter

May – June 2023 Newsletter

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Welcome to our May / June 2023 edition. Inside, we look at the recent Budget 2023 and the unexpected changes to pension tax and the Lifetime Allowance (LTA). 

      • On page 4 we look at ISA’s and the annual allowance and why investing your allowance as soon as possible will protect your money from taxes and potentially a bigger ISA pot in the long term.

      • On page 8 we conside how the pension changes could impact on your pension and secure your retirement plans.

      • On page 9 we look at how Inheritance Tax (IHT) nil-rate band has remained stagnant at £325,000 since 2009, despite the meteoric rise in property prices over the same period and how this has resulted in an all-time high of £6.lbn being collected in Inheritance Tax in 2021/22.

    Full Contents

    03 – STATE PENSION. How much has the 2023 / 2024 State Pension increased by?

    04 – EARLY BIRD INVESTORS. Does the early bird get the ISA worm?

    06 – MORE PEOPLE CHOOSING SEMI-RETIREMENT FOR A VARIETY OF REASONS. Two in five over-55’s plan to gradually phase out working life before State Pension age.

    08- PENSIONS OF SIGNIFICANT VALUE. Welcome but unexpected changes to pension tax.

    09 – GIVING WHILE LIVING. What will your legacy look like?

    10 – SPRING BUDGET 2023. How the changes affect pensions and taxes

    11 – PROFESSIONAL FINANCIAL ADVICE MATTERS. Making informed decisions about how to best allocate your resources

    12 – I HAVE A WILL, SO WHY DO I NEED A LASTING POWER OF ATTORNEY? Making decisions in relation to your financial affairs, health and welfare.


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    timeframes, which is why we offer personalised services to meet their individual needs. If you would like to discuss your plans or want to arrange an appointment, please contact us.