One Four Nine Wealth Magazine – Issue 07

One Four Nine Wealth Magazine – Issue 07

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One Four Nine Wealth Magazine – September/October – Issue 07


Welcome to the One Four Nine Wealth bi-monthly magazine

In typical UK fashion, the sun decided to appear with a vengeance just in time for when the kids returned to school. Following the drab summer months, is it possible we’ll experience an “Indian summer” through Autumn? We have our fingers crossed. Whatever weather we do end up having, it’s always worth having a review, if you haven’t already, of your finances.

In this issue, we look at investment bonds and explain how they offer several benefits that some investors may be missing out on, which have become even more beneficial due to recent changes in tax regulations. This follows last November’s Budget and the Chancellor’s decision to reduce the Capital Gains Tax (CGT) Allowance from £12,000 to £6,000 this year and to £3,000 in April 2024. This is likely to increase the appeal of investment bonds for some investors who want to minimise Inheritance Tax (IHT) liabilities when passing on wealth. The UK Treasury has been receiving record-breaking Inheritance Tax (IHT) receipts. With IHT receipts amounting to approximately £7.09 billion British pounds in 2022/23 we consider why IHT can be emotionally challenging for individuals and families who have to pay it, often requiring the sale of cherished family assets to settle the tax bill. That’s why starting estate planning early and implementing it in stages is essential. Pension drawdown is a flexible way of taking income from your pension, introduced after the pension freedom rules in April 2015. Before that, the government limited how much income you could take from your pension unless you had other sources of income, and annuities were commonly used to provide a guaranteed income for life. Nowadays, you have more flexibility in accessing your pension funds, allowing you to take as much or as little as you want.

Read issue 07, September/October, here.

The next issue will be November/December.

For more detailed information on any of the topics and themes covered in any issue please do reach out to your local investment, financial advisory or planning team here.

One Four Nine Group

Whether you end up reading One Four Nine Wealth on the way to work, during lunchtime in the office or on a Sunday morning in the garden with a cuppa, we do hope you find it useful and insightful

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