Smart Money September/October

Welcome to our September/October edition of Smart Money.

On 30^th October 2024, Chancellor of the Exchequer Rachel Reeves, will deliver the Autumn Budget Statement 2024. 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. Find out in this Smart Money edition what the Budget could mean for your employees finances.

Also in this edition we look at the implications of early withdrawals and how it can significantly impact retirees’ financial security. More than three-quarters (78%) of retirees have already dipped into their pension pots by the time they retire, according to recent data. Find out more on page 03.

Turn to page 05 to find out essential financial planning tips for mothers balancing finances and family.

On page 06, we explain how understanding the nuances of Inheritance Tax planning, estate planning or intergenerational wealth planning is essential in making informed decisions that could benefit your employees and their loved ones.

Complete the form below to download your copy to read more.

 

 

 

Get in touch

As an employer, ongoing financial education can be beneficial, if you’d like to learn more about how you can support your employees with their financial wellbeing, we can help.

Email info@second-sight.com or call us on 0330 332 7143.

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.

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.