Spring Bulletin 2023
As 2023 continues with a pace, and the freshness of spring starts to make way for the promise of a radiant summer (hopefully!), we pause to take stock of the year so far.
The year has seen many of the trends of 2022 continue. Cost of living and high inflation has proved stubborn, with interest rates continuing to increase in response. While a great opportunity for savers, those with lending have needed to carefully consider their options. The situation in Ukraine is an ongoing cause of uncertainty, and while markets have generally been positive the volatility experienced in 2022 remains. Multiple tax changes were announced, some of which are now in force, further highlighting the need for careful planning – with the cost of not keeping current potentially very significant.
The Chancellor introduced his Spring Budget in March, creating opportunities for many, but increasing complexity for others. We understand the significance of these constant changes and their impact on your financial well-being.
Our Spring Bulletin shares some of our thoughts on themes of the year so far, alongside practical guidance to help you in your financial decision making. This addition includes help meeting the rising costs of retirement, how to position yourself in the new tax year, and making the most of your state pension.
With the changing landscape, 2023 is fast becoming an important year to take a step back and consider your financial planning. Our team is always available to help you navigate these fluctuations and adapt your financial strategies accordingly.