Savings rates shot up during lockdown as we all stayed firmly at home, writes Colin Simmons. As the tax year-end approaches, he explains the power of tax relief on pension contributions that could put those saved pennies to good use...
As we continue to adapt to living and working with Covid-19 and come to terms with the restrictions placed on us, it is perhaps an opportunity to consider how we can support our clients to prepare for a more prosperous future. It's well documented that savings rates in 2020 increased as many people's consumption fell as a result of the changes in how we all live our day-to-day lives. But how are we helping clients make the most of these savings? For clients who have been fortunate enough to remain employed, their savings rates may have increased significantly. For instance, the person...
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