Welcome to the Winter Edition of Invested Interests. As the UK approaches the new tax year in April, we wanted to ensure you get the most out of your allowances before the deadline. This forms the subject of our first article, which explains how different reliefs work and how to take advantage of them. We follow with our second piece on saving and investing wisely in 2025, particularly in light of the UK base rate.
Article three explores State Pension “top-ups” and how these could affect your retirement income. We include a piece on the 60% “tax trap” that people can fall into when earning over £100,000, followed by some thoughts on what constitutes a “safe withdrawal rate” when taking income from a pension.
Finally, we reveal how gifts from income could offer a way for people to save on inheritance tax in 2025 as new tax rules come into force regarding agricultural and business relief.
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