We have updated our guide to actions that could be taken to minimise taxes here. For our clients, some of the key ones are making full use of the ISA and Pension allowances. The only thing we would advise against doing now is disturbing invested assets to make use of these allowances. An example of
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Many business owners have used their pension funds to buy the properties where their businesses operate. But now, people who don’t own a business are interested in purchasing a commercial property using their pensions. However, it’s important to remember that commercial property values can go up and down, and many factors can affect them. It’s
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One of the two limits on how much you can put into your pension each tax year is the “Annual Allowance”. This limit was £40,000, but the government increased this to £60,000 in the Spring Budget. There has been a rule that this limit is reduced if your income is too high. If your income
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