Could life insurance be a lifeline to navigate Autumn Budget uncertainty? |
By Sam Grice
The Autumn Budget has left many people unsure about how best to financially prepare for the future.
At a time when households want clarity, we’ve seen the introduction of significant changes that may, and should, prompt people to review their long-term plans.
This shifting landscape is where life insurance can play a greater role.
Among the measures announced, the new £2,000 cap on tax-free salary sacrifice for pension contributions marks a major shift.
For decades, pensions have been considered one of the most reliable ways to prepare for later life. Now, many people are taking a closer look at the role their pension plays in their long-term planning.
This cap arrives alongside last year’s decision to bring most unspent pension funds into inheritance tax calculations from 2027, another change that challenges long-held assumptions people have used to guide their long-term financial decisions and estate planning strategies.
It is little surprise, then, that people are starting to........