Autumn Statement – 25 November

Chancellor George Osborne will deliver his Autumn Statement on 25 November.

The forecast will be made alongside the government’s spending review.

Pension tax issues could feature in the statement, a matter on which the government has been consulting, saying it sought a simpler procedure that would encourage more young people to save.

A review of the way pensions were taxed – potentially involving an ISA-type system – was announced in the Chancellor’s Summer Budget. Under workplace ISAs, no tax relief would be paid on contributions, but savings could be taken out tax-free on retirement.

Among Moore Thompson’s many tax services is advice on retirement planning. Our experts can help you not only prepare for life after work but also maximise your financial security. The service includes research into your retirement options, taking into account personal tax positions. For further details, or to arrange a free, no-obligation meeting, please contact us.

Posted in Key Date News.