Welcome to the Kellands summer newsletter 2023.
The year 2023 to date has been a challenging one, with the ongoing uncertainty caused by the cost-of-living crisis and the tricky investment and economic climate.
Our latest newsletter takes the current backdrop into perspective and has a host of articles and general tips on how to cope and plan for a better future in the current economic and market conditions.
On page 07, for example, we look at Jeremy Hunt’s first proper Budget 2023, which brought some welcome but unexpected changes to pension tax, the most significant of which was the abolition of the pension Lifetime Allowance (LTA) charge. The article on page 04, written by our Chartered Financial Planner, Jennifer Skehan, expands on this by exploring the ramifications of the budget and the other pension changes taking place.
At Kellands, we believe that the use of forecasting tools helps to elevate the financial planning process, particularly during times of uncertainty. On page 05, our Chartered Financial Planner, Charlotte Knight, explains how this works in more detail and how it can help to bring financial planning to life.
On page 03, another of our Chartered Financial Planners, Ian Boasman, looks at the increasing problem of inheritance tax (IHT) and why you should plan with yourself in mind, not your beneficiaries.
Elsewhere in this issue, we look at the potential benefits of investing in an Isa early in the tax year, to help maximise returns. And on page 14, we highlight research which demonstrates why professional financial advice matters.
There’s much more besides, so we hope you enjoy our latest newsletter. Please feel free to read or download it by clicking on the link below.
And for help and advice on any financial matters, please do not hesitate to contact us.