Autumn Statement comments from Cranwell Wealth Solutions

18th November

Sam Collins Cranwell Wealth Solution’s new Financial Adviser’s take on Thursday’s autumn statement:

“This statement was always going to include some tough measures in relation to personal finance.

“Stand out points include the threshold for additional rate of tax cut significantly, big reductions in capital gains allowance and dividend allowances over the next couple of years.

“This creates real opportunity and a bit of urgency for some individuals to take advantage of the current levels before they get cut.

“It was good to hear the increases to national living wage, benefit payments, pension payments and pension credit to try and help those that need it most.

“We will of course be reviewing our clients situations to see who will be impacted and formulate recommendations where relevant. I’d urge anyone that thinks they might be impacted, or are unsure on possible consequences to seek professional advice.”