Kellands Independent News – Winter 2025
With the new year under way and the tax year end approaching, check out our Winter magazine to see if your finances are on the right financial path.
The start of a new year is always a good time to take stock and to review your finances. Like your car, your finances require consistent care and attention to keep running smoothly. Just as a regular service ensures your vehicle performs at its best and avoids costly breakdowns, a yearly financial check-up is vital to ensuring your money works as effectively as possible. On page 10, we look at why the beginning of 2025 offers an ideal opportunity to take stock of your financial health.
The end of the tax year on 5 April 2025 is also fast approaching. This is your opportunity to review your annual allowances and how best to make the most of them. With some significant changes to tax allowances in the 2024/25 tax year and further reductions expected in the future, planning ahead is key. On page 03, we explain how to use your allowances now to maximise your wealth by leveraging tax-efficient strategies and minimising liabilities.
Planning your estate and knowing how to mitigate your liabilities while ensuring your loved ones are cared for is challenging at the best of times. The 2024 Autumn Budget Statement announcements could create significant and lasting challenges for rural businesses of all sizes, with restrictions to IHT reliefs available to farms and family businesses proposed from April 2026. For more details, turn to page 12.
Cuts to the Capital Gains Tax (CGT) exemption mean it is now more critical than ever to arrange your investments tax-efficiently. Appropriate planning is essential to ensure your hard-earned investments work efficiently for your future. Turn to page 09 to find out more.
We all dream of a comfortable retirement, free from financial worries and full of opportunities. On page 11, we outline some of the steps you can take to strengthen your financial resilience and prepare for the unexpected.
There’s much more besides, so we hope you find this edition both interesting and useful. Click on the link below to read or download it.
If you would like to discuss any of the matters raised or if your circumstances have changed and you need some financial advice, please do not hesitate to contact us.
Download Independent News Winter 2025