Estate planning is an important part of your financial plan. Not only does it ensure your assets are passed on to who you wish and considers areas like Inheritance Tax (IHT), but it could provide you with peace of mind about your future too.

It’s great news for individuals who want to save for their retirement.  There has been a limit to the amount of pension savings you can make and still keep the tax benefits.  This is called the Lifetime Allowance (LTA).  The chancellor has announced the LTA will be scrapped. There were rumours before the budget that the allowance would be raised, potentially to £1.8m but it was a surprise that they were completely scrapped.