Giving good advice

Most of the pension related headlines following the pre-budget report (PBR) surrounded the freezing of the annual and lifetime allowances. However, beneath the surface, there were a number of other changes which have an indirect impact on pension provision. Some of these aren't necessarily straightforward, but give an ideal opportunity for advisers to show the need for, and usefulness of, financial advice. The ability to temporarily carry back losses for up to three years could prove helpful in unlocking tax already paid on previous profits. Under current rules, businesses can carry back ...