Income planning using EIS

In his Autumn Statement last year, the Chancellor announced the anticipated changes to pension limits - reducing the annual allowance to £40,000 and lifetime allowance to £1.25m, from 2014-15. As funding for retirement remains a key priority for many clients, many advisers are seeking alternative options to supplement pension savings for their clients. One option which is becoming increasingly attractive is the Enterprise Investment Scheme (EIS). Tax efficiency with the potential for growth When designing a successful retirement strategy, most would agree that tax efficiency, the o...