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.
As we leave 2022 behind, we are pleased to bring you our Winter 2023 magazine, which looks at some of the financial issues that you may be currently facing in the current economic climate.
The start of a new year begins is always good time to take stock and make some financial resolutions.
For example, everyone should make a resolution to review their protection and estate plans. While no one knows what is around the corner, reviewing your protection, updating your Will, and creating an estate plan will help you rest assured that the financial side of things is taken care of. On page 07, we look at some of the main considerations.
Another thing we can’t ignore is the fast-approaching tax year end. The clock is ticking and it is important to utilise all the tax reliefs and allowances available to you before 5 April 2023, so as to minimise any potential liabilities. On page 08, we look at how to go about this.
Time is also running out to take advantage of this year’s Individual Savings Account (ISA) allowances. You get one ISA allowance per tax year, so use it soon or you’ll lose it when the tax year ends on 5 April. Read the full article on page 04.
The start of a new year is also a good time for thinking about your retirement plans. Several articles in this issue address different aspects of this, including an article on page 12, which looks at the unique retirement planning challenges that women face.
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.