Hi, this is a series of pre-budget alerts for business owners.
So this is Gordon D’Silva, and the budget is coming up on the 11th of March and less than a couple of weeks away now. And with the government majority of 80 odd, probably never been a better time to introduce some pretty serious changes to the legislation.
So keep that in mind. When I talk to you about some of these things, but one of the first things that’s been suggested that I want to talk about today is the potential removal of the limit to pension contribution. So if you’re looking at making a pension contribution, you’ve got the funds to make a pension contribution.
I would talk to your financial advisor pronto and see and get a pension contribution in. Before the budget to make sure you use up all of this year’s allowance. I’m not allowed to give you financial advice, but I am told on good authority, I’m a tax consultants that you know, this may go because we are under pressure to find more taxes, to spend more in the country to keep the country rolling and moving.
And so just bear in mind that this could come up, become a reality. So let me leave you with that. Get into your old financial advisor. I look at maximizing your pension contributions if that’s the way you want to. You spread your assets around and don’t keep all your eggs in one basket. And, and hopefully that shows.
This is Gordon D’Silva wishing you well.
Take care. Goodbye.
