Written by richard on 22 March 2006
Richard Smiths Budget Comment
Overall there were no major surprises to report, there is some good news, and as always more ‘devil in the detail’ which we are used to from this man.
I have placed some links below and will post some more as and when further information becomes available.
Gordon Browns (Last Budget) BBC Link
What the opposition think.
Good News on Inheritance Tax – but not what you would have hope for.
The Budget 2006 from the Treasury
Richard Smith – Independent Financial Adviser – Sussex and The South East RH1 – RH16
0845 226 9106
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Written by richard on 06 March 2006
.. on a scale that has not been seen before in this Country. Well that is what we are led to beleive.
I think the important issues have been overlooked in the froth that was created by Gordon Brown taking away the option of holding Residential Property within Pensions, for those clients that had the conversation with me would have known my views, and I was right!
So with this reform comes a planning opportunity for many, and some downsides for a few. I will enable many more people to understand how their Pension Benefits can be taken, and to clear up what can and cannot be done with their arrangements.
I am on hand to provide specific advice where required. meanwhile I have provided some links to other information sources which should clarify many of the points for you.
FSA >> Second Tier State Pension (formerly SERPS) >>
Some in depth detail from UNBIASED >>
As you will see from the above links, there are some major changes underway, and these will have an impact on the plans you have in place and how you can draw benefits from the plans.
We do have some more flexibility being created with the new rules and broadly these are welcome.
If you require further information or would like to discuss your options with me in more detail, please contact me.
Richard Smith
Independent Financial Adviser
Crawley West Sussex, RH10 6HQ
0845 226 9106
http://www.thefinancezone.co.uk
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