Magenta Financial Planning’s Post

⚠️ 𝗨𝗞 𝗕𝘂𝗱𝗴𝗲𝘁 𝟮𝟬𝟮𝟰: 𝗪𝗵𝗮𝘁 𝗰𝗼𝘂𝗹𝗱 𝗰𝗵𝗮𝗻𝗴𝗲 𝗳𝗼𝗿 𝘆𝗼𝘂𝗿 𝗽𝗲𝗼𝗽𝗹𝗲?⚠️ With the Budget approaching, your employees could potentially face significant changes that impact their pensions, investments, and long-term financial security. Our last blog, written by our Client Director, James Smith, highlights four key areas to watch: - National Insurance savings - Capital Gains Tax - Pensions tax - Inheritance tax Understanding these potential changes will help both employers and employees prepare for what lies ahead. 👉 Read the full blog to learn more: https://okt.to/bGfEuv #UKBudget2024 #EmployeeWellbeing #FinancialPlanning #Pe

As of April 6, 2024, the Lifetime Allowance (LTA) introduced in 2006, has been abolished. High-earners and business owners, who previously faced potential taxation of excess pension savings at a rate of up to 55%, now find pensions back on their radar. Simon White, our expert planner, highlights four key advantages of pensions. Tap the link to read more about how a pension can benefit you: https://lnkd.in/guf-dZQQ #InvestmentStrategy #TaxFreeGrowth #EstatePlanning #InheritanceTaxRelief #BusinessFinance #TaxEfficiency #TaxSavings #PensionBenefits

Missed our post-Budget webinar? Watch it back! 🎥 Catch up on our financial planning webinar in partnership with Chase de Vere! Learn key updates on taxes, pensions, property, and more - all tailored for #SelfEmployed professionals🎙️👇 https://lnkd.in/eYez5EpT

📢 As we approach the Autumn Budget on 30 October, the topic of pensions taxation is once again in the spotlight. In his article for City AM, our Group CEO, Barry O'Dwyer, reflects on the importance of a stable tax regime to helping future generations prepare for retirement – and the role that this can play in supporting economic growth. Read the full article: https://ow.ly/b1Jc50TFmfZ #PensionsTaxRelief #AutumnBudget

Curious about what happens to your pensions when you pass away? 🤔 Let's clear up some misconceptions: Your pensions don't necessarily die with you. 💼 They aren't automatically distributed according to your will. 📜 Here's the deal: Pensions sit outside your estate, exempt from inheritance tax and probate. So, they can be paid out quicker but aren't governed by your will. Ensure your wishes are known. It's your future – plan it wisely. 💡 To read our full blog please visit our website www.magentafp.com/blog #PensionPlanning #EstateManagement #financialplanning #lifehappens #financialwellbeing #peaceofmind #FinancialPlanner #MagentaFP #MagentaFinancialPlanning #FinancialPlanningUK #MoneyHabits #FinancialAdvisor

I’ve been hearing a lot about this UK Budget thing. There's talks about increases and changes to tax and pensions. What do you think will happen and what impact is it going to have on business owners? #UKBudget2024 #BusinessImpact #TaxPolicy #EconomicOutlook #PensionReform #FinanceNews

📢 Exciting update on Budget 2024! Discover the latest revision in the taxation rule governing family pensions in our new blog post. Understand the changes made and how they impact you. Stay informed and make informed financial decisions. Don't miss out, read the full article here: https://lnkd.in/g7megMTp #Budget2024 #FamilyPension #TaxationRule #FinancialPlanning

Beyond the big announcements on NI and pensions, the Autumn Budget slipped in some changes that could quietly impact your wallet. From stricter child benefit charges to frozen ISA limits and tightened rules on investor relief. Read the full article to see how these changes might affect you. https://buff.ly/3UL0Y5m #Budget2024 #TaxUpdate #PersonalFinance #HiddenImpacts

Did you know a financial planner could help your clients prepare for changes to the normal minimum pension age by: 1. Building more wealth outside their pensions 2. Considering the tax implications of drawing from their pensions and other savings Read our blog, linked below, to learn more about how the upcoming changes could affect your clients, and how we could help. 👇 https://lnkd.in/eXndbnep

🕒 We're Halfway Through the Financial Year! 🕒 Now is the perfect time to review your financial plans and make sure you're on track to meet your goals. Whether you're focusing on investments, pensions or tax planning, a mid-year check-in can help identify opportunities and make adjustments for the rest of the year. #FinancialPlanning #FinancialReview #InvestmentGoals #PensionPlanning