12 January 2015

Smart Money January/February 2015


The start of a New Year marks the run-up to one of the most important times in the personal financial planning calendar, as we set financial resolutions and review tax year end planning opportunities.

The run-up to the tax year end on 5 April 2015 is the perfect time to put in place strategies to minimise tax throughout 2015/16. Good planning and careful timing are critical if you want to maximise tax reliefs or minimise the tax bill on a transaction or investment.

On page 6, we look at how, with some prior preparation, you could arrange your financial affairs to minimise the impact of tax on you, your family and your business.

Setting clear goals as we enter a New Year is critical for the success of any financial resolutions. Year after year, achieving financial health and wealth is likely to feature in your Top 10 New Year’s resolutions. So what should you consider? Find out on page 17.

Chancellor George Osborne delivered his Autumn Statement 2014 to Parliament on 3 December last year. This is the second most important event in the UK’s economic calendar, when the Chancellor updates the Government’s taxation and spending plans based on the latest predictions for the economy. On page 10, we explain the key announcements.

Also inside this issue on page 11, recent research identifies that within the next decade an increasing number of people due to retire will require professional financial advice to help them make the right financial choices. This comes as a result of the dramatic shift in the pensions landscape announced in last year’s Budget and the changes being introduced around Pensions Reform.

The full list of the articles featured in this issue appears on pages 03 and 04.

We’d like to take this opportunity to wish you a financially prosperous New Year, and we hope you enjoy reading this issue. If you would like to discuss any of the articles featured, please contact us.

Smart Money January and February 2015