Read our summary of the key Autumn Budget takeaways here.
Throughout life we grow up hearing about the importance of setting goals. Right from being children we are encouraged to select study options for future career ambitions, which we may grow to not desire. Goals are evidenced in all the choices we make, whether it be supporting our children to establish themselves, choosing the right house type and location to call home, picking a vehicle to drive, positioning a business for sale and even to planning for retirement. The list goes on!
Dave and Carol have always wished to change careers or semi retire at 55. Both are qualified Doctors working in the NHS: Dave as an anaesthetist, and Carol having worked in General Practice, psychiatric primary care and Occupational Medicine. They have lived in North Yorkshire for over 20 years and approached Manse Capital fifteen years ago to help them achieve a number of lifestyle objectives.
As a financial planning company advising many small and medium sized business owners (SME’s) this is probably the most asked question we get. Most SME owners have a deep attachment to their business as it was them who grew the initial seed from a fledging idea, invested their own capital in the project and took significant risk to grow the company or partnership in to a profitable enterprise.
Nick Crabbe from Leeds and Worcester wealth management and financial planning firm Manse Capital considers The Latest Attack on your NHS Pension – “The Tapered Annual Allowance”
The Government has for some time been mooting the idea of removing tax relief on pension contributions for those paying the highest rate of marginal tax (i.e. those earning more than £150,000).