The new tax year (2023-24) has now arrived and this brings a range of new challenges and opportunities for taxpayers. In this edition, we lead with our first article about the latest tax changes since 6 April and how these might bear upon your finances. Some notable highlights include the abolition of the Lifetime Allowance (for pensions) and the reduction of the tax-free allowance for Capital Gains Tax. Please contact us if you have any questions.

Our second piece explores how individuals can plan their estate for wealth transfer across multiple generations – to children and grandchildren. Article three discusses the balance between investment risk, reward and safety and how investors can navigate this. Our fourth piece takes a more emotional angle and examines the “later life blues” – why so many older British people are feeling low in retirement, and what to do about it.

Article five unpacks the idea of “pension drawdown”, how it works and ways it can be used to help retirees pursue their long-term financial goals. Finally, our sixth piece discusses how you can protect your assets in 2023 including pensions, property, savings and investments.