If you’re still recovering from submitting your tax return for the previous financial year and are dreading the prospect of starting the process again for 2017/18, you are not alone. It may therefore be even further down your priority list to start planning for the current tax year, 2018/19. To make the most of all your tax benefits though, it really is essential to start now.
A new government initiative is now available to ensure that pension holders have access to financial advice regarding their retirement. Research shows that when taking professional advice around pension planning you are more likely to save more and have a larger pot to draw down when you finish work.