Brewin Dolphin: Spring budget 2023

Please see below an article published and received late yesterday (15/03/2023) evening from Brewin Dolphin, which provides their summary of the Chancellor’s Spring Budget which he delivered yesterday:

As you can see from the above the Chancellor made some surprise announcements which will certainly be welcomed, particularly around pensions. The announcements on Pensions,

• Abolishment of the Lifetime Allowance;
• Increasing the Annual Allowance (annual savings amount) to £60,000.00; and
• Increasing the Money Purchase Personal Allowance up to £10,000.00 per annum

All of the above will present financial planning opportunities to help people service their overall tax-efficiency.

Please speak to a Financial Adviser if you would like to know more on the above and what opportunities these announcements could mean for you.

Please continue to check our Blog content for advice and planning issues and the latest investment, markets and economic updates from leading investment houses.

Carl Mitchell – Dip PFS

Independent Financial Adviser

16/03/2023