Foreword
Keeping things simple?
The Budget and its aftermath often dominate the thinking of
financial planners at the start of the new tax year. As always,
there was much to absorb in the detailed Budget releases from HMRC.
This year this included a proposal to remove 100 pages from the
current tax code by abolishing some outdated reliefs. While this is
welcome, is the Chancellor missing a trick to simplify tax further
by merging income tax and NICs?
As we wave goodbye to another financial year, we're
still facing a good deal of turmoil around the world –
economic, political and the recent catastrophic events in Japan. We
touch on these later in this issue of Family Wealth Management
in our regular investment outlook report on global
markets.
