One Four Nine Wealth Magazine – May/June – Issue 11
Welcome to the One Four Nine Wealth bi-monthly magazine
As we embark on the new tax year, we consider why reviewing your pension savings strategy presents an opportune moment, setting a solid foundation for future financial stability. Early attention to your private pension at the onset of the fiscal year is not just about cultivating beneficial saving habits; it’s also about ensuring you take advantage of the benefits and allowances available to you.
Individual Savings Accounts (ISAs) offer a versatile and tax-efficient way to save for the future, whether for yourself, your children or grandchildren. Now that we have entered the new financial year, significant changes to ISAs have been introduced. From 6 April, savers and investors now have a more flexible approach to using their ISA allowance. For the first time, individuals can open multiple accounts of the same type of ISA within a single tax year, from 6 April one year to 5 April the next, provided they do not exceed the annual ISA limit.
We also look into the financial implications of care in later life that are often underestimated, leaving many unprepared for the substantial costs associated with care homes. Understanding why we should establish a thorough wealth strategy is key to ensuring financial readiness for long-term care needs.
Read issue 11, May/June, here.
The next issue will be July/August 2024.
For more detailed information on any of the topics and themes covered in any issue please do reach out to your local investment, financial advisory or planning team here.
One Four Nine Group
