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Welcome to our latest edition for 2022. Inside, we look at New Year’s tax saving resolutions to ensure you are fully utilising your relevant tax planning opportunities. A full list of the articles featured in this issue appears on page 2.
With the tax year end on the horizon, taking action now may give you the opportunity to take advantage of any remaining reliefs, allowances and exemptions. On page 8 we have provided some key tax and financial planning tips to consider prior to the end of the tax year.
The government has set out its vision for the future of adult social care. On page 12 we explain the new plans announced for adult social care reform in England. This includes a lifetime cap on the amount anyone in England will need to spend on their personal care, alongside a more generous means test for local authority financial support.
Now is the perfect time to take a wider review of your circumstances and plan for the year ahead.
Our guide to Budget 2020 aims to provide a clear and concise commentary of the main Budget proposals, focusing on the issues pertinent to you, your family and your business.
The new Chancellor of the Exchequer, Rishi Sunak, delivered his inaugural Budget to parliament on 11 March 2020, amid the backdrop of a growing threat to the economy from the global outbreak of coronavirus (COVID-19) – this Budget he announced aims to bring ‘stability and security’.
He warned of a temporary disruption to the economy from COVID-19. He said it will be ‘tough’ and ‘significant’, but things will return to normal. ‘What everyone needs to know is that we are doing everything we can to keep this country, and our people, healthy and financially secure.’