Those with the broadest shoulders should bear the heavier burden...

Over the last few days (and especially this weekend), I’ve received numerous calls and emails from both existing and new clients about the October Budget.

These three are at the top of everyone’s agenda:

• Pensions
• Capital Gains Tax
• Inheritance Tax Planning

Tax-Free Cash from Pensions is probably the topic I’m being asked about most frequently.

The interesting thing is that most people I’ve spoken with haven’t actually considered all the broader implications of their “solutions”.

Some chap called Newton once said that for every action, there is an equal but opposite reaction.

We’re not talking about the laws of motion here, but this is a warning not to jump at a “solution” in isolation.

Many of these topics and taxes have knock-on effects.

Everything is intertwined.

Of course, you’d expect me to say this, but please do speak with your / a Financial Planner before taking any action in response to what you think might happen in October.

If only to better understand the wider implications.

They won't be able to help you predict.

But they will help you plan.

If you’d like to discuss any of the topics raised in this post then we’d love to hear from you on 0330 056 3566 or by email.

The value of an investment with St. James's Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.

The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief is generally dependent on individual circumstances.