Autumn Budget Statement 2024
Welcome to our latest issue..
On 30 October, Chancellor of the Exchequer Rachel Reeves will deliver the Autumn Budget Statement 2024.
It will be a critical indicator of the government's approach to managing the economy, aiming to foster an environment conducive to sustainable growth.
The outcomes of this Autumn Budget will have far-reaching implications, potentially influencing everything from tax rates and public services to business investment and consumer confidence.
As such, it is a pivotal moment that will shape the economic landscape in the months and years ahead.
On page 10, we look at what it could mean for your finances.
Since this has been written Capital Gains Tax has been branded 'ripe for reform' ahead of the Budget.
On Page 8 we discuss Intergenerational Planning and Inheritance Tax which may be relevant for you or your parents/family.
More than three-quarters (78%) of retirees have already dipped into their pension pots by the time they retire, according to recent data.
This trend highlights a significant shift in retirement planning behaviours, where immediate financial needs or desires often outweigh the long-term benefits of leaving pension funds untouched.
The implications of early withdrawals are multi-faceted and can significantly impact retirees' financial security.
Turn to page 05.
