Welcome to the latest issue of our financial magazine. Inside, you’ll find expert insights, timely updates and practical guidance to help you make more confident financial decisions.
Explore the May/June edition below, including key articles on pension tax changes, Inheritance Tax, dividend planning and making the most of the new tax year.
Featured article: Pensions and Inheritance Tax
From 6 April 2027, a major change in pension taxation is set to reshape wealth-transfer planning in the UK. Unspent pension pots will no longer be treated as if they are outside of one’s estate and, therefore, will be subject to Inheritance Tax (IHT) and may be taxed at 40% if your estate exceeds the IHT threshold.
On page 10, we explain how this change challenges traditional strategies and why families should rethink how they draw down their retirement assets. Early planning, including an estate valuation and exploring tax-efficient options, including gifting or trusts, will be essential to protect your legacy.
‘Unretiring’ is on the rise as financial pressures and inflation erode retirees’ spending power. While some people return for personal fulfilment, others cite loneliness or financial necessity. On page 06, we consider why retirement is becoming more flexible, with part-time roles and phased approaches gaining popularity. Proactive financial planning and exploring phased retirement options are essential to secure a comfortable and sustainable future.
Meanwhile, the new tax year offers a new £20,000 tax-free ISA allowance, providing a valuable opportunity to shield your investments from capital gains and dividend taxes. Starting early maximises compounding benefits, giving your money more time to grow. Regular investing can help smooth out market volatility and maintain discipline during uncertain times. ISAs also offer flexibility, with many allowing withdrawals and the opportunity to replace the withdrawal within the annual allowance. Turn to page 12.
Dividend tax rates increased from 6 April 2026, making tax-efficient strategies even more important. The government raised dividend tax rates by another 2%. The ordinary rate rose to 10.75%, and the higher rate to 35.75%, while the additional rate remains at 39.35%. However, you don’t pay tax on dividend income within your personal allowance (£12,570 for 2026/27) or your annual dividend allowance of £500. On page 13, we explain the planning options.
A complete list of the articles featured in this issue appears on pages 02 to 03.
Planning for tomorrow, today
Our personalised financial and wealth strategies will help you achieve your life ambitions while safeguarding your family’s future. To discuss this further or to learn more, please get in touch with us.