The 2014 Budget
The 2014 Budget has certainly sprung surprises on the wealth management profession.
Obtaining income in retirement has now been enhanced by unexpected flexibility, and saving for the future is now more appealing with a higher annual allowance announced for Individual Savings Accounts (ISA). These are but two of the many changes announced by the Chancellor this afternoon.
Of course, with increased flexibility comes complications, and we are therefore spending the rest of the day (and night) understanding the detail. Never has obtaining professional advice been more important than after today’s announcement.
Our Budget booklet will be available tomorrow, along with our summarised thoughts on the Budget detail.