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Retirees swap inheritance for holidays following Budget pension changes
More than half of people approaching or already in retirement with significant savings plan to spend their pension, rather than pass it down to family members following the proposed changes announced in the Autumn Budget 2024 bringing pensions in to scope of inheritance tax, according to new research from RBC Brewin Dolphin. The wealth manager’s […]
6 minute read – Retirees swap inheritance for holidays following Budget pension changesShould you make voluntary National Insurance payments before the deadline?
Even for those who have a private pension, the state pension can play an important part in delivering the lifestyle you want in retirement. The full rate of the new state pension (for the tax year 2024/2025) is £221.20 per week, that’s just over £11,000 a year. However, how much you receive depends on how […]
6 minute read – Should you make voluntary National Insurance payments before the deadline?What might the 2025 Spring Budget mean for your money
On 30 October, the Chancellor, Rachel Reeves, delivered Labour’s Autumn Budget which announced a £40bn rise in taxes and was the biggest increase at a budget since 1993. While nothing has been revealed yet, RBC Brewin Dolphin’s Rob Burgeman (senior investment manager) and Ammo Kambo (financial planner) consider what changes might be announced during the […]
6 minute read – What might the 2025 Spring Budget mean for your moneyMedia contacts
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Sian Robertson
Senior Manager
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+44 020 3201 3026
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+44 079 1770 3581
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sian.robertson@brewin.co.uk
Payal Nair
Manager
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+44 203 201 3342
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+44 077 6672 5285
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payal.nair@brewin.co.uk