Budget viewpoint: What could be on the agenda for pensions and retirement savings?
13 November 2017
This week the technical experts at Utmost Wealth will be giving us their views of what we might see in the Autumn Budget on Wednesday 22 November. Here, Simon Martin, technical services manager (pictured), outlines what he thinks the Chancellor might do to pensions and retirement savings.
What are your views? Do you agree with Simon? Let us know in the comments below.
There’s lots of speculation about a quite ‘radical’ budget even in the wake of the raft of changes from the summer finance bill.
I wouldn’t be surprised if we see a change to pension tax relief – perhaps with the introduction of a ‘flat rate’ system.
I would also be interested in whether they will continue to really push tax incentives savings schemes such as the ISA contribution limits, including the new LISA, to encourage alternative retirement funding for the younger generations.
Certainly, with people living well past retirement, making sure people adequately fund for retirement has to be on their agenda.
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