64 PENSIONS AMD RETIREMENT
Take control of your financial future.
Our approach focuses on helping you maximise your financial potential, ensuring your retirement savings remain robust, providing peace of mind and a prosperous financial future.
01282 452255 •
advice@financialaffairs.co.uk financialaffairs.co.uk
TAKE CONTROL OF YOUR FINANCIAL FUTURE WITH CONFIDENCE By Lisa Strapps,
Financial planner, Financial Affairs
For many, planning for retirement can feel like an unfamiliar and overwhelming task, a life event which is so far in the future that it’s often put on the back burner.
Traditionally, women, in particular, face unique challenges that have a significant impact on their long- term financial stability.
Obstacles to effective financial planning include the gender pay gap, career interruptions for caregiving responsibilities, pauses in pension contributions, and typically longer life expectancy.
Many women also report a lack confidence due to limited knowledge of or exposure to financial planning solutions. These factors create distinct needs that require thoughtful and careful planning.
At Financial Affairs, we understand these challenges - that’s why we do things differently.
Our mission is to demystify
financial planning, making it clear, accessible and approachable for everyone. We believe that with the right support, women can feel empowered to take charge of their financial goals with confidence and break free from outdated financial stereotypes.
Our approach focuses on helping clients maximise their financial potential, ensuring that retirement savings remain robust, providing peace of mind and a prosperous financial future. With our female-strong team, we can support you in tackling these obstacles through tailored advice on saving, investments and pension planning.
We’re here to offer a friendly, holistic approach to your financial future. Contact lisa@
financialaffairs.co.uk or call 01282 452255 to find out more.
INHERITANCE TAX
CHANGES TO IMPACT PENSIONS
By Tara Maynard, Director, PM+M
Recent changes to personal taxes, including new pension and inheritance tax (IHT) rules, are a small part of a series of reforms from the government.
HELPING YOUR MONEY ACHIEVE MORE
Investments Lifetime cashfl ow planning Business and personal protection Tax and estate planning
Get in touch today: 01254 679131 fi
nancialplanning@pmm.co.uk www.pmm.co.uk
PM&M Financial Planning Ltd is authorised and regulated by the Financial Conduct Authority Pensions Court of Protection advisory Mortgages
Although there seems to be a common perception that many will leave their financial plans unchanged, for whatever reason that may be, the new rules significantly change the financial planning landscape.
If the changes go ahead as planned, from April 2027, unused pension funds will be included in the value of an estate for inheritance tax purposes, potentially subjecting them to a 40 per cent tax rate. However, there is always a possibility of adjustments based on further consultations and feedback.
This would mean it’s vital for financial advice to extend way beyond pensions and encompass a broader range of financial
matters, incorporating wider family finances. The shift highlights the importance of obtaining advice that is proactive, comprehensive and easy to understand.
The changes mean it is also important to seek financial planning advice from an adviser with extensive tax knowledge to help you navigate the complexities of the new tax environment and ensure your plans remain up-to-date and as effective as they can be. At PM+M, our financial planning advisers work alongside our specialist private client tax team to ensure we are always helping you achieve more from your finances.
Get in touch today to discuss how the changes could impact your financial plans and any changes you may need to consider to ensure your plans remain the most sensible and efficient for your individual circumstances.
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