by Tony Larkins
The pension Lifetime Allowance (LTA) was abolished on 6 April 2024. If you are thinking, “this change doesn’t affect me, my pension isn’t worth £1mn”, you could be mistaken. Even if your pension is not over the £1,073,100 threshold, this change may still affect you.
Against the backdrop of changing economic conditions and a forthcoming General Election, Chancellor Jeremy Hunt announced a series of measures in the 2024 Spring Budget. Here’s a rundown of some of the key announcements.
by Tony Larkins
The Government, like them or loathe them, offers a number of ways to reduce tax and collect rebates.
With a General Election on the horizon, all eyes are focussed on what the forthcoming Spring Budget will contain. Tony Larkins, Managing Director of Beacon Wealth Management, reveals what he believes the Budget should consider at the Spring Budget announcement in March 2024.
With taxation rates in the UK being so high, it’s important to take advantage of the many allowances you could be eligible for ahead of tax year end.
by Tony Larkins
I’ve mentioned in previous articles that we no longer refer to ‘threescore and ten’ (70 years old) as an average lifespan. The UK has over 11m people aged 65+, and over 500,000 aged 90+.
We’re delighted to say our team raised £1,100 for our Charity of the Year, The Angels Foundation.
by Tony Larkins
Are you living the life you want, or have you settled for what you have? This time of year, 'New Year's Resolutions' are in full swing - people look at their lives and focus on the improvements they want to make. Sometimes, they can start instantly and work on them over time, like starting a hobby or stopping a habit. Sometimes, however, choices for the long-term require long-term planning.
by Tony Larkins
If you don’t want to retire at 70, you will need additional sources of wealth to enjoy a reasonable standard of living for longer. Here are a few things to consider when planning your finances.
To find out if we're right for you and if you need a financial planner, book a meeting with us.
The first meeting is always complimentary.
