Positive growth forecasts and falling unemployment set a positive tone for this year’s Budget speech, although the Chancellor was frank in his admission that the deficit is still too large. He targeted measures to increase saving, investment, building and exports. We are reviewing the Budget documents which have now been released and will be blogging … Continue reading Export more. Save more. Invest more. Build more.
As widely predicted, the Chancellor has announced reductions to the limits for tax-relieved pension contributions. With effect from 2014/15, the annual limit will be reduced from £50,000 to £40,000 and the lifetime limit from £1.5million to £1.25 million. Those looking for compensatory income tax relief may soon be able to use their annual ISA … Continue reading Pensions, AIM and ISAs – a day of mixed fortunes for individual investors