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How do the 2023 Spring Budget pension changes impact you?

In this video our financial planning and tax experts discuss the opportunities that arise as a result of the pension rule changes, the tax benefits offered by pensions (focusing on tax relief) and how to use pensions to pass wealth on through generations.

Topics covered:

  • 00:55 - Pension rule changes
  • 09:49 - UK tax relief on pensions - how it works
  • 15:51 - Planning for US connected individuals
  • 20:48 - Pensions as a long-term family investment


How we can help

As with any change, it's important to consider both the potential opportunities and how they may benefit you, as well as other considerations. We encourage you to review your specific position and consider different scenarios, including potential legislative changes in the future, to see how you can maximise your position in a tax-efficient manner and minimise any potential downsides for you. For professional Financial Planning, UK tax or US tax advice tailored to your unique circumstances, please fill out the form below and one of our experts will be in touch to discuss your requirements and how we can help. 

Buzzacott Financial Planning is authorised and regulated by the Financial Conduct Authority. This video has been prepared to keep readers abreast of current developments. Professional advice should be taken in light of your circumstances before any action is taken or refrained from. The value of investments, and the income from them, may go down as well as up and investors may not get back the amount originally invested.

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