Moore Kingston Smith Financial Advisers: Autumn 2020 Bulletin

In our Autumn 2020 bulletin, we look at some of the lessons learned during the past months and the savings boost from a period of curtailed spending opportunities. For some people, lower spending has been offset by more serious reductions in income, but for those able to work from home, or whose income has been supported by the government’s furlough scheme there are opportunities to make the most of the temporary savings boost.

We consider what plans the Chancellor may have to raise additional revenue through a reform to the current tax rules. Where it is affordable, there is certainly an argument for bringing forward some of your financial planning so that it is completed ahead of any proposed changes. Please speak to us if you wish to discuss the potential impact on your planning, particularly if you are considering making pension contributions or asset sales, for example to fund your annual ISAs.

We also cover the increasing influence and awareness of environmental, social and governance (ESG) issues when selecting investments and investment managers; the shortfall in women’s state pensions and state benefits in general; the impact of the stamp duty holiday for buy-to-let investors, and the reduction in dividends from UK companies.

As a multi-disciplinary practice, Moore Kingston Smith are perfectly placed to provide you with the advice you need. Please contact us if you would like to discuss the topics raised in this issue, or indeed any other financial planning or tax issues.