As Government delays pension tax-relief plans, what action should you take?

Horizontal shot of a hand squeezing the word "Pension" between two fingers, isolated on white. The Government has announced it will not publish its plans for reforming the way pension tax-relief is paid, until the Budget in March next year. Many experts believe that the delay means the system will be radically overhauled, as the Government looks to cut spending and that some pension savers may have a short window before the tax-relief they receive is cut. How does pension tax-relief currently work? At present you can make a pension contributions each year equal to the ...

Tax year end: 7 tax planning ideas

The end of the tax year is only six short weeks away, which means it’s time to start doing those financial jobs we all mean to do during the year but always get left to the last minute. So what should you do before the end of the tax year? 1. Use ISA Allowances The perennial favourite idea at the end of the tax year, but it’s still a good one. Our advisers can help you make the right decision...