As we head towards the end of the year the industry begins to focus on tax-efficient planning and the amount of ‘subsidy' given in tax breaks comes back in the firing line.
A couple of months ago the Association of Christian Financial Advisers (ACFA) called for a new tax relief on ‘regular’ savings which it believes should be in the region of 10%. In true Christian fashion, it believes we need another tax relief to encourage a ‘change in our culture of spending to one of saving for the future.’ I find it hard to disagree with something like that. The ACFA is trying to react to the 36% of retirees who apparently live alone and need to carry on working to make ends meet, compared to the broader retired worldwide population of 20% who continue in employ...
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