If the government is serious about encouraging retail investment, it must work hand-in-hand with the advice profession to deliver reforms that are not only effective but also manageable, writes Toby Larkman
Trying to pre-empt changes in tax policy based on rumours is a dangerous game. Think back to the 2024 autumn Budget, when suggestions were rife that the chancellor was planning to limit tax-free cash withdrawals from pensions. The speculation sparked a wave of panic, prompting some to take their tax-free cash earlier than planned. When the anticipated changes didn't materialise, people scrambled to reverse their decisions, with many finding their withdrawals couldn't be undone. Fast forward to the end of the 2024/25 tax year, and similar speculation that cash ISAs contribution limits ...
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