Clients’ tax situations and retirement plans are poised to become ever more complex for advisers with chancellor Jeremy Hunt expected to move the dial in several key areas today (17 November) in a bid to claw back money for the government.
As annuity rates hit a 14-year high, people approaching retirement should seriously consider taking guaranteed income as an option ,advisers have said.
Following the government’s U-turn on the abolition of the additional rate of income tax, financial services professionals give their view on its impact.