It’s been a bumpy ride

There’s a podcast covering American politics which the host invariably introduces by saying ‘What a week!’.

We could say the same for 2017. Hardly a month seemed to go by without a significant development of some kind. With two Budgets separated by an election, there was upheaval and uncertainty and that’s before we get into the state of the Brexit negotiations.

The apparently rolling financial legislation of the year came to a head as the Chancellor delivered his Autumn Budget – outlining plans for the forthcoming 2018/19 tax year – just a week after the second Finance Act of 2017 received Royal Assent and mopped up most of the spring Budget measures.

We’re presenting the Winter edition of our client newsletter a little later than usual to accommodate that Autumn Budget and provide a quick round up of some of the key measures it contained. A helping hand on stamp duty for first time buyers was generally expected, although the calls for bold measures on pensions tax relief failed to materialise.

Thanks to the Chancellor’s appearance before a Commons Select Committee in early December we now know that Mr Hammond will deliver a Spring Statement on 13 March. If 2017 is anything to go by, we could be in for another bumpy few months. So in our client newsletter we look at various ways you may wish to shore up your financial planning.

 

Additional stories include:

  • Asset allocation in a world of rising inflation  How can investors help to counter the effects of rising inflation and low interest rates in their investment choices.?
  • Refresh your New Year resolutions  Most New Year resolutions falter because they require regular attention. But a few financial fixes in early 2018 could set you up for long term peace of mind.
  • Time to update your life insurance?  If you last purchased life insurance alongside your mortgage and the term is maturing, what are your options to ensure continued coverage for you and your family?
  • Investing for children – not just for Christmas Most children are eligible for a junior ISA, but there are other options available to build up funds for the youngsters in your life.

We hope you find articles useful and informative. As always, let us know if you think you may be affected by any of the topics in this edition. Call us on 01273 710404 or email us by clicking here

Best wishes for 2018!