Welcome to our latest issue. Robert Kiyosaki, the
American businessman and author of the best-selling
book Rich Dad, Poor Dad, once remarked, ‘Making
money is common sense. It’s not rocket science. But
unfortunately, when it comes to money, common
sense is uncommon.’ As we continue into 2019 with the
uncertainties surrounding Brexit, we look to de-mystify
the ever-changing landscape of the financial world.
What better place to start off than tax-efficient
investing? Each tax year, we are each given an annual
Individual Savings Account (ISA) allowance. The ISA limit
for 2018/19 is £20,000, and anyone wishing to utilise
their allowance should do so before the deadline at
midnight on Friday 5 April 2019. The date marks the end
of the 2018/19 tax year. It is a ‘use it or lose it’ allowance,
meaning that if you don’t use all or part of it in one tax
year, you cannot take that allowance over to the next year.
To find out more about your ISA options, turn to page 06.
Over time, with life expectancy and the cost of living
rising, it could mean that some retirees are at risk of running
out of pension income in later life. On page 04, we consider
what you can do to make sure that you have a big enough
pension to meet your needs for your entire retirement.
This time of year is your last chance to get your tax
affairs in order before the end of the 2018/19 tax year. On
page 12, we’ve provided a summary of some key tax and
financial planning areas which may be appropriate to
certain taxpayers and should be considered prior to the
end of the tax year.