KLO Spring Update – March 2021
A year after the Covid-19 pandemic took hold, the careful and gradual moves out of lockdown are hopeful. The impact on the economy, both short and long term, is yet to play out, but there are some planning lessons for individuals that we can take from the last year.
Some of these will be affected by the spring Budget. Chancellor Rishi Sunak was under pressure to continue pandemic support measures, but has also set out tax freezes to come which will
begin to replenish the country’s coffers.
Meanwhile, families may well have focused on their financial well-being, including where they choose to invest. With environmental, social and governance (ESG) funds reporting significant increases, we look at how they have become more mainstream in their cross-generational appeal. And for those focusing on retirement, while the state pension increases in line with the triple lock, we look at what £1 million is really worth long term.
Read our Spring Taxbrief Update Here.