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Knowledge Centre

At Burlington Financial Solutions, we believe that our clients should have access to trustworthy and sensible information regarding financial planning and macroeconomic updates. We would like to invite you to read our publications below which offer great insight and reliable information across a range of financial planning areas.

January - February 2023 Newsletter

Financial Advisers Worcestershire, Free Knowledge

With the current tax year having begun on 6 April 2022, the clock is ticking and it is important to utilise all the tax reliefs and allowances available to you before 5 April 2023 in order to minimise any potential liabilities. On page 10, we look at the way personal tax planning should be at the top of your agenda as the end of the current tax year is not too far away. Taking action now may give you the opportunity to take advantage of any remaining reliefs, allowances and exemptions.

Time is also running out to take advantage of this year’s Individual Savings Account (ISA) allowances. You get one ISA allowance per tax year. So use it or lose it soon, when the tax year ends on 5 April. Any unused ISA allowance will not be rolled over into the new tax year. On 6 April when the new tax year starts, if you haven’t used all of your or your children’s ISA allowances from the previous tax year, they will be lost forever. Read the full article on page 06.

With a New Year comes resolutions. Everyone should make a resolution to review their protection and estate plans. A solid plan will help you feel confident your family’s finances are secure. While no one knows what is around the corner, reviewing your protection, updating your Will and creating an estate plan will help you rest assured that the financial side of things is taken care of. On page 09, we look at some of the main considerations.

Women make up nearly half of the UK workforce, but many feel forced to reduce their hours at work, pass up promotions and even leave their jobs due to lack of menopause support. On page 28, while symptoms vary between individuals, for many women the menopause can have a big impact on their everyday life. It’s only further down the line that the resulting missed pension contributions become apparent, but by then it may be too late. A full list of the articles featured in this issue appears opposite.

Guide to Individual Savings Accounts

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Don’t miss the 2022/23 ISA deadline!

Time is running out to take advantage of this year’s Individual Savings Account (ISA) allowances. You get one ISA allowance per tax year. So use it or lose it soon, when the tax year ends on 5 April.

Any unused ISA allowance will not be rolled over into the new tax year. On 6 April when the new tax year starts, if you haven’t used all of your or your children’s ISA allowances from the previous tax year, it will be lost forever.

Please enjoy this guide to ISAs and their tax efficient benefits that can be used.

Guide to Inheritance Tax Planning and Passing on Wealth

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In this March 2023 technical guide, we cover Inheritance Tax Planning and the options available to pass on wealth tax efficiently your loved ones. Planning for Inheritance Tax isn't just about providing for yourself and your family. It's also about protecting and preserving your legacy, so that your life lessons and values live on. Conversations regarding inheritances are rarely easy but having a sustainable estate plan in place can help prepare you and your family for the future. 


The guide includes information on Inheritance Tax thresholds, lifetime planning options to reduce a potential Inheritance Tax liability, the importance of making a Will and the various types of Trusts that can be utilised. 


If you would like to discuss any of the contents of this guide or your own Inheritance Tax planning, then please don’t hesitate to contact myself or Alan

Guide to Spring Budget Statement 2023

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On Wednesday 15 March, Jeremy Hunt, the Chancellor of the Exchequer, addressed the Commons to deliver the Spring Budget 2023, with an aim to bring people back into the workforce. Mr Hunt commented that the Office for Budget Responsibility (OBR) expects inflation to fall from 10.7% to 2.9% by the end of 2023.


The Chancellor said the OBR now forecasts the UK will not enter a technical recession this year. But despite narrowly avoiding recession, living standards are still predicted to fall by 6% within this fiscal year and the next. 


Key budget announcements included the abolishing of the Lifetime Allowance on tax-free pension contributions, which was previously set at £1,073,100. The tax-free annual pension allowance for pension pots will also rise from £40,000 to £60,000 from 6 April 2023.


Working parents in England are to receive 30 hours of free childcare per week, though this won't be fully implemented until 2025. It will be phased in for households where the parent or parents work: April 2024: Eligible two-year-olds will get 15 hours of free childcare per week; September 2024: Eligible children between nine months and two years will get 15 hours; and September 2025: Eligible children between nine months and three years will get 30 hours.


Fuel duty has been frozen again whilst help with energy bills will remain for an extra three months and disabled people can apply for up to 50,000 places on a new voluntary employment scheme funded by the government. The Chancellor also confirmed that Corporation Tax will rise from 19% to 25% in April.


What does the Spring Budget Statement 2023 mean for you, your family and business?


In our guide to the Spring Budget Statement 2023, we look at the key announcements from Jeremy Hunt's speech. If you require any further assistance or would like to discuss your situation, please contact us.

May/June 2023 Newsletter

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Welcome to our May/June 2023 edition of the Burlington Financial Solutions newsletter. In this issue, Chancellor Jeremy Hunt's first proper Budget 2023, on Wednesday 15 March, brought some welcome but unexpected changes to pension tax, the most significant of which was the abolition of the pension Lifetime Allowance (LTA) charge. Britons can now expect significant changes that will affect their retirement savings. On page 8 we consider how these changes could impact on your pension and secure your retirement plans.


If you're an investor looking to maximise your Individual Savings Accounts (ISA) returns, it's worth considering investing your ISA allowance as soon as possible each year, as soon as it becomes available on 6 April. Not only will this help ensure that your money is protected from taxes right off the bat, but it also means that your investment has more time to grow in the market. This can result in a bigger ISA pot in the long run. Read the full article on page 4.


April brought a host of changes to the UK's tax regime, with some thresholds for taxes such as additional rate Income Tax being lowered while others are increased, such as Corporation Tax. However, the Inheritance Tax (IHT) nil-rate band has remained stagnant at £325,000 since 2009, despite the meteoric rise in property prices over the same period. On page 9 we look at how this has resulted in an all-time high of £6.1bn being collected in Inheritance Tax in 2021/22. 


Financial planning is a crucial step towards achieving financial freedom and security. According to a recent study, UK consumers who receive professional financial advice can expect to retire on average three years earlier than those who do not seek professional advice. Turn to page 11 to see the findings.


A full list of the articles featured in this issue appears on page 2.


Our primary goal is to safeguard and expand your wealth to provide you with financial stability in the present as well as in the future. We understand that our clients have unique goals, visions and timeframes, which is why we offer personalised services to meet their individual needs. If you would like to discuss your plans or want to arrange an appointment, please contact us. If you would like further information or want to arrange an appointment, please contact us.

Planning & Preparing for Retirement


Retirement planning can seem overwhelming, but with careful consideration and expert professional financial guidance, it should be a rewarding experience.

When it comes to retirement planning, taking into account all factors is crucial. It is important to determine your goals and dreams for the future, as this will influence the amount of money you need to save and invest and the timing of your retirement.

Along with this, it is essential to consider various other factors such as life expectancy, projected investment growth and inflation, which are also significant. These factors will impact on your retirement savings and how long the money will last.

Additionally, it is important to carefully plan how your retirement income will be drawn, as this decision influences the level of investment risk you are prepared to take. Whatever your vision for the future, it’s important to plan ahead and take the necessary steps to make it a reality.

Ultimately, preparing for your retirement is all about finding the right balance between enjoying the present and investing in your future. It requires careful planning, a long-term perspective, and a willingness to adapt and adjust as circumstances change.

With the right approach, you can create a retirement that is both financially secure and fulfilling, allowing you to enjoy the rewards of a lifetime of hard work and dedication.

Guide to Investing Essentials


During these volatile times we find ourselves in, we thought it would be useful to send out our guide to investing essentials. As you know, our theory and principles for investing remains unchanged and now, more than ever we believe in the power staying invested for the long term. Time in the market as opposed to trying to time the market. 


One of the big conversation points at present is the high interest rates on cash savings. “Why would I invest when I can get 4% to 5% possibly more in the bank?”. It is a fair question and one I am happy to talk through with you in detail. However, before we all decide to pack up our bags and go home, the good news is that historically equities mostly outperform cash over sensible time frames, usually regardless of where interest rates sit. History and performance data tells us that sitting with our money in cash for the long term is a sure way to erode the value of your money over time against inflation. 


If we want to protect the real (inflation adjusted) value of your capital over medium and long time periods, we have no option but to accept the short-term volatility of the stock market. The good news is that we can all adopt behaviours to mitigate the worst of the pain along the way – diversify our portfolios into asset classes other than equities and cash, don’t look too frequently at our investments and finally be patient. Good things come to those who wait.

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