Ken Day; Help shape the future
“Speak now, or forever hold your peace.”
This is a phrase more commonly associated with weddings; however, right now it applies directly to the financial advice market, and to IFAs in particular.
There are currently two critically important issues pending, about which you have the chance to provide valuable input. If you fail to seize the opportunity now, then it will be no good complaining afterwards – it will simply be too late.
The first is the Consultation Paper on Pensions Tax Relief issued by HM Treasury. This important document gives you the chance to have your say on the future shape of pensions tax relief.
The notion that high rate tax relief will end is essentially a foregone conclusion – even ministers are said to have urged people to take advantage of the relief before it disappears. The real issue to be addressed, however, is how we encourage the vast majority of people to save for their pensions. This is even more important now that the new pension freedoms give access to pension savings at 55.
To read the rest of Ken Davy's blog 'Help shape the future', please click here