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Beyond the Budget
This year’s Budget had far reaching implications for the personal finance industry. Marcia Banner of Clerical Medical looks at the implications for the advice market
For the majority, pension contributions will continue to be a highly tax-efficient form of saving for income in later life. With the increase in the UEL for 2008/2009 and 2009/2010 and the planned increases in the NIC rates for both employers and employees from 2011/2012 we can expect salary sacrifice to appeal to a much wider client base.
And the continued extension to carry back losses for up to three years presents a further opportunity to advise your company clients on making pension contributions.
