Welcome to our July/August edition of Smart Money. Here’s a brief summary of what’s included in this edition:
On page 4, we look at how your employees can make use of key tax-efficient options, such as ISAs and pensions, and why thoughtful planning and professional guidance could help them stay aligned with their long-term goals.
On page 5, we discuss the importance of your employees keeping their pension beneficiary nominations up to date, how life events can affect their choices, and what simple steps they can take to help ensure their wishes are reflected. Pension savings are often among our most valuable financial assets, yet many individuals remain unclear about who will inherit them when the time comes.
On page 10, we explore the key steps your employees could take to get their financial plan in order, from setting clear goals and building an emergency fund to optimising their investment and tax strategies. With a practical and proactive approach, your employees can help bring structure to their financial decisions, build resilience against uncertainty, and create a plan that reflects their long-term aspirations.
Secondsight is a trading name of Foster Denovo Limited, which is authorised and regulated by the Financial Conduct Authority.
A pension is a long-term investment not normally accessible until age 55 (57 from April 2028 unless the plan has a protected pension age).
The value of your investments (and any income from them) can go down as well as up, which would have an impact on the level of pension benefits available.
Your pension income could also be affected by the interest rates at the time you take your benefits.
The Financial Conduct Authority doesn’t regulate trust planning and most forms of inheritance tax (IHT) planning.
The financial conduct authority does not regulate tax and trust advice and will writing.
Some IHT planning solutions put your money at risk, and you may get back less than you invested. IHT thresholds depend on individual circumstances and the law. tax and IHT rules may change in the future.
The tax treatment is dependent on individual circumstances and may be subject to change in future.
