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Wealth manager Quilter has warned doctors and senior medical professionals close to retirement to halt their plans and seek professional financial advice before quitting work.
Leading industry pensions expert Andrew Tully, technical director at Canada Life, has castigated Labour’s plan to reverse the scrapping of the Lifetime Allowance (LTA).
Today’s Budget brought a generally positive reaction from Financial Planners and industry professionals, especially on pensions, but there was disappointment that many reforms would only help a minority of people.
Pensions tax free cash will be capped at £268,275 despite the scrapping of the pensions Lifetime Allowance (LTA).
This is the full text of Chancellor Jeremy Hunt's Spring Budget 2023 to the House of Commons today.
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The annual ISA tax free savings allowance will be frozen at £20,000 for the 2023/24 tax year, according to Budget documents released today.
Chancellor Jeremy Hunt shocked the pensions sector in his Budget today by announcing that he would 'scrap' the pensions Lifetime Allowance and increase the annual allowance from £40,000 to £60,000.
Chancellor Jeremy Hunt told MPs today in his Spring Budget that Britain should avoid a recession this year.
Platform Transact has warned clients and advisers to avoid posting high value client cheques after a number were intercepted by fraudsters.