Back to main news
12th March 2021

rishi sunak

In this webinar we discuss the key Budget announcements affecting personal taxes, pensions, investments, savings and property and what it might mean for your financial plan as an individual or business owner.

Every year in the UK we have Budgets that can affect your options around pensions, mortgages, investments and financial planning. This year more than ever the budget is coming under close scrutiny because of the pandemic and the national deficit arising. As financial planners it is our role to encourage our clients to understand the implications now and in the years ahead and the options open to them to make the most out of their wealth and keep their life plans on track.

Setting out the Government's tax and spending plans for the year ahead, last week Chancellor Rishi Sunak announced new measures to help businesses and jobs through the pandemic and to support the UK's long-term economic recovery.

To help us interpret the key announcements and changes within the Budget, from a financial planning perspective, David Melloy, Business Development Manager at Ascot Lloyd, together with our panel of in-house experts and special guests, discusses the nuances and practical implications of how the budget may affect your financial plan.


Our panel:

Helen Richardson

Helen Richardson 01 300x300Helen Richardson

In this webinar, Ascot Lloyd Independent Financial Adviser, Helen Richardson, talks us through a Budget where private individuals have fared surprisingly well for the time being. Capital Gains Tax and Inheritance Tax were surprisingly left untouched with no changes to the tax relief on pensions, both of which were widely rumoured to suffer more punitive environments. Naturally the freezing of the Lifetime Allowance for pensions means that those with larger pension pots will need to adjust their planning to accommodate the change. Helen also makes that point that, although the freezing of the personal allowance and higher rate threshold is a disappointment, it does make planning ahead slightly more simplified.

Gill Philpott

Gill PhilpottGill Philpott

Ascot Lloyd Tax & Trust Specialist, Gill Philpott highlights the key tax takeaways for clients.

Gill explains how ‘no change’ in tax allowances and reliefs will raise about £21bn from income tax, inheritance tax and capital gains tax.

Gill also shares with us her expert opinion on the long-term view on tax, as the Treasury Committee continue to review and release consultation papers through 2021.

Fenella Martin-Redman

Fenella Martin-RedmanFenella Martin-Redman

Fenella Martin-Redman who is a Tax Partner at Saffery Champness, one of the UK's Top 20 accountancy firms, joins us as a very welcome expert guest from one of our business partners. Fenella talks us through how the Budget’s Corporation Tax rate increases could affect business owners. Fenella also explains how some companies will benefit from carefully choosing how they take dividends out of the business and how moving profits or pension contributions around could help them to take advantage of the lower rates.

Graham Bentley

Graham BentleyGraham Bentley

Graham Bentley who is a Non-Executive Director and Chair to the Avellemy Board, a UK Asset Manager, explains how this Budget could impact our clients and their investments.

Graham also talks about why inflation is an important factor to this Budget and his views on the new green bonds and guilts that the Government will introduce this summer.

We hope that you find the webinar informative, and it has shown you how the Budget may impact your savings, investments, pensions and general financial planning, as well as the importance of ensuring you have a financial plan and that it is regularly reviewed by your trusted Ascot Lloyd financial adviser.

Should you have any questions about the measures introduced in the Budget or if you are interested in talking further about new opportunities arising from the announcements made, please do get in touch with you adviser or request a call back.

Book a free call back


Our Financial Advisers are available on the phone so please contact us if you have any questions.

Important Information

Past performance is not a guide to future performance and may not be repeated. Investment involves risk.

The value of investments and the income from them may go down as well as up and investors may not get back any of the amount originally invested. Because of this, an investor is not certain to make a profit on an investment and may lose money. Exchange rate changes may cause the value of overseas investments to rise or fall.

This communication is for information purposes only. Nothing in this communication constitutes financial, professional or investment advice or a personal recommendation. This communication should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments in any jurisdiction. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in the document. Any opinions expressed in this document are subject to change without notice and may differ or be contrary to opinions expressed by other business areas or companies within the same group as Ascot Lloyd as a result of using different assumptions and criteria.

The information is based on the Company’s understanding of current UK tax legislation and HM Revenue and Customs (“HMRC”). Levels and bases of taxation and reliefs are subject to change and their value to you will depend on your personal circumstances.

This communication is issued by Capital Professional Limited, trading as Ascot Lloyd. Registered office: Ground Floor Reading Bridge House, George Street, Reading, England, RG1 8LS. Capital Professional Limited is registered in England and Wales (number 07584487) and is authorised and regulated by the Financial Conduct Authority (FRN: 578614).