Smart Money May/June 2023
Welcome to our latest edition of Smart Money for May/June 2023.
In this issues, if you are a UK resident planning for your retirement, it’s important to be aware of the State Pension changes that have taken effect in the new tax year. From April, the amount you can now receive as part of the UK State Pension has risen, which will be welcome news to those who have retired or are nearing retirement age. Read the full article on page 06.
If you’re an investor looking to maximise your Individual Savings Accounts (ISA) returns, it’s worth considering investing your ISA allowance as soon as possible each year. Not only will this help ensure that your money is protected from taxes right off the bat, but it also means that your investment has more time to grow in the market. This can result in a bigger ISA pot in the long run. Read the full article on page 04.
Additionally, we ask the question, ‘I have a will, so why do I need a lasting power of attorney?’ Many people assume their loved ones or close relatives will automatically have the authority to make decisions on their behalf. However, this is not the case. Read more on page 12.
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