Happy New Tax Year 2020/21 was the strangest, most complex and naturally distressing year – certainly in our life time – so let’s look forward to tax year 2021/22 with some optimism.

2020/21 illustrated how volatile investment markets can be, although through the pandemic to date our results have been truly exceptional and hopefully we can collectively move towards a more positive outlook for life and our investment portfolios.

Investing early

Investing early and for longer enables the capital to grow for longer, as ‘timing’ investment markets, especially at these times, is impossible.  Interest rates are expected to remain low for years to come so the expectant outcome is positive for risk assets.

We remind our investment clients that your 2021/22 allowances are:

• ISA allowance is £20,000 per individual
• Pension allowance is £40,000 per individual
• Junior ISA allowance is £9.000 – lucky kids!

We strongly recommend early use of allowances and remember – use your allowances – or lose them!

Our clients are aware that we carried out a very intensive ‘contact and periodic review’ process remotely in the summer of 2020 – and increased our communication and reporting at a time that was worrying for all, with health and economics.

Happy new Tax Year

We are looking forward to meeting up in person with our clients once again, at a point of comfort and in compliance with guidelines.

In the meantime, we urge our clients to consider their personal budgetary and investment needs and goals for the year ahead – communicating any need for change so we can advise accordingly.

We wish you and yours the best of health and happiness for the tax year ahead.

Best Wishes.

Best Price FS Team