Chancellor John Healey confirmed that he will drop planned cuts to the Cash ISA tax-free allowance in today's Autumn Budget.
The number of individuals with more than £1m in their ISA accounts climbed more than 50% in the 2023/24 tax year, an FOI request shows.
High-earners using lifetime pensions modelling to reduce risk in the run up to retirement could end up missing out on more than £400,000 in their retirement pots, according to calculations by Glasgow Financial Planning firm Murphy Wealth.
New figures from HMRC reveal that the tax authorities collected £164m in pension annual allowance charges last year, with one expert warning that more high-earners are being "caught out" by the charge.
The number of savers maximising funding of their Cash ISAs in the 2022/23 tax year was the highest in the previous five tax years at 1.46m.
Swedish wealth manager Söderberg & Partners has taken stakes in four more Financial Planning firms, it announced today.
Swedish-owned Söderberg & Partners has taken a 30% stake in Financial Planning firm Murphy Wealth, its first Scottish investment.
