What could the Autumn Budget statement mean for your finances?
As we approach the end of the year, there are some key developments on the horizon that could significantly shape our financial landscape. On 30th October, Chancellor of the Exchequer Rachel Reeves will present the Autumn Budget Statement 2024.
This will be a crucial moment for understanding the government’s economic direction, as it seeks to create a foundation for sustainable growth. The decisions announced in this Budget will likely affect a wide range of areas, from tax policies and public services to business investments and consumer confidence.
We will be watching closely, as the ripple effects of these decisions could influence both your personal and professional financial decisions in the months and years to come.
Turn to page 08 for an in-depth analysis of how these changes may impact your finances.
In addition to this major event, we explore the importance of Inheritance Tax planning and estate management. As your wealth grows, planning how to best preserve and pass on your assets to future generations becomes critical.
Whether you’re preparing for retirement or thinking about your family’s future, understanding intergenerational wealth planning can help you make the most tax-efficient decisions.
Head to page 06 for a comprehensive guide on how to manage your estate and reduce tax liabilities.
Meanwhile, new data shows that over three-quarters of retirees (78%) have already accessed their pension pots by the time they retire. This shift in retirement planning indicates that immediate financial needs often take precedence, which can have lasting implications on long-term financial security.
If you’re thinking about dipping into your pension early or have already done so, be sure to check out page 03 for insights into how these choices could affect your future financial well-being.
For those juggling the demands of motherhood, long-term financial planning can sometimes take a back seat. However, it’s essential to prioritise your financial future, especially with the unique challenges that mothers often face.
Whether you’re managing day-to-day expenses or thinking about your family’s long-term security, page 05 offers key strategies to help you gain control of your financial plans and build a stable future for you and your loved ones.
You’ll find a complete list of the articles featured in this issue on the following page. We hope you enjoy reading, and as always, our team is here to support you with expert advice tailored to your individual needs.
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