NWM Smart Money Newsletters...
Welcome to this issue.
Please note that it was prepared in advance of the Autumn Budget 2026, held on 28 October.
Could changes to the State Pension triple lock affect your retirement from 2030? With a possible move to a double lock under discussion, review your State Pension forecast, savings and living costs to help you prepare for uncertainty and plan with confidence. At the time of writing, the Chancellor had not yet delivered the Autumn Budget 2026. On page 12, this article reflects information available beforehand and excludes any subsequent measures affecting the triple lock, State Pension increases or retirement planning. Budget update: The triple lock continues until April 2029, after which it switches to a formula designed to keep the State Pension in step with earnings from April 2030.
As Christmas approaches, consider a gift that could make a lasting difference: securing your loved ones’ financial future. Thoughtful estate planning can help you share your wealth, support family milestones and potentially reduce Inheritance Tax liabilities. Turn to page 11 to discover how gifting allowances, exemptions and careful planning can help protect your assets and preserve your financial security. Turn festive generosity into a meaningful legacy, creating opportunities for loved ones today and for generations to come.
As the 2026/27 tax year draws to a close, now is the time to review your finances and make the most of available tax allowances. From checking your ISA and pension contributions to reviewing investments, taxable income and estate plans, small steps can make a meaningful difference. On page 08, read our six-point checklist, which highlights key areas to consider and helps you identify opportunities, manage potential tax liabilities and ensure your financial arrangements remain aligned with your goals and long-term priorities. Budget update: The Cash ISA limit remains at £20,000. The planned cut to £12,000 for under-65s from April 2027 will not take place. Additionally, from 6 April 2027, a new Pension Tax Allowance means that people over State Pension age with total income no more than the full new State Pension will not pay Income Tax.
From 6 April 2027, changes to Inheritance Tax rules could mean that unused pension savings form part of your taxable estate, potentially increasing the tax burden on loved ones. Discover on page 06 how these changes could affect your retirement income strategy, the wealth you leave behind and your family’s financial future. Reviewing your pension withdrawals, beneficiary nominations and estate planning arrangements now could help you understand your options and make informed decisions to protect your legacy.
A complete list of the articles featured in this issue appears on pages 02 and 03.
Looking ahead to a brighter financial future
As we approach the end of 2026, we wish you and your loved ones a happy festive season and a healthy New Year. As you look ahead to 2027, if you would like to review your plans or discuss your financial goals, please
get in touch.
