BROWNING
FINANCIAL PLANNING
01803 60 67 66
E-mail Us
Book Appointment
Are you on track for a comfortable retirement? TAKE THE TEST
Dominic Browning, Managing Director
Posted by Dominic Browning
09/09/24
News, Resources, Insight and Opinion from Browning Financial Planning

The Impending Budget

Dominic Browning, Managing Director
Posted by Dominic Browning
09/09/24

People ask me "what do we need to do to plan for the Chancellor's budget on 30th October?"

There have been many rumours circulated as to what will happen. Undoubtedly there will be some bad news but the bottom line is we do not know what. Capital Gains tax? Loss of Council Tax single person discounts, including personal pensions in the estate for inheritance Tax, reduction of ISA or pension allowance, etc, etc.

You could make sure you maximise the current available allowances, which is paying £20,000 into an ISA, £9000 into a Junior ISA or the maximum into a personal pension.

Other than this, planning is difficult as it normally means giving away an asset for a reason which might not happen.

So our advice is mostly do nothing, it is possible that not all the scare stories will come true and you may end up jumping out of the frying pan and into the fire.

More News, Insight & Opinion
Is a Lifestyle Trust the right IHT solution for you?

It is getting harder and harder to shelter your assets from the Government when you die, as the Inheritance Tax (IHT) thresholds have not changed since 2009. Continue

Inheritance Tax Planning

Trying to pass on as much as your wealth as possible to your children is getting harder and harder, due to the freezing of the IHT (Inheritance Tax) thresholds since 2009.  Continue

Investment Bonds

An investment bond is a packaged investment offered by a life company as opposed to an investment company. They work differently to investment company package products (known as General Investment Accounts or GIAs). Continue

Continuing Regular Savings

The number one factor in building a retirement or investment pot is investing regularly over the long-term and keeping it going until the day when you need to draw down on your investments or pension pot. Continue

Discretionary Trusts v Protective Property Trusts

Putting a trust in your Will to make sure your loved ones inherit something is a very good thing. We commonly see PPTs (Protective Property Trusts) in Wills but sometimes think a DT (Discretionary Trust) might be a better solution in many cases. Continue

The Great Sale

Currently there is a sale of the great companies of the World on and you should seize the opportunity to buy discounted shares. Continue

More Articles