financial-preservation-2There’s an old adage that you can never have too much of a good thing. And that’s what the Chancellor, George Osbourne, may well be feeling at the moment after confirming that he is preparing an Autumn Statement for release later this month. This is on top of the two Budgets he has already presented this year.

 

 

Industry watchers don’t expect there to be quite such a Budget overlay this time around, but here at Logic we’ll be keeping a keen eye on events just in case something crops up which may affect the financial plans of our clients.

The consultation paper that accompanied the July Budget contained little detail but did hint at the end of higher rate tax relief – and possibly all tax relief – on pension contributions. The results of that consultation, which ended last month, could appear in November.

If you are contemplating making a one-off pension contribution in coming months, it may be wise to act before 25 November.

 

The value of your investment can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance. Investing in shares should be regarded as a long-term investment and should fit in with your overall attitude to risk and financial circumstances.  The value of tax reliefs depends on your individual circumstances. Tax laws can change. The Financial Conduct Authority does not regulate tax advice.