Many people may need to reduce the income they are taking from their drawdown pension funds in light of recent falls in the value of their investments resulting from the economic impact of Covid-19.
The fallout from Covid-19 has created a large bill for the Government…which ultimately means tax rises.
The Covid-19 pandemic has provided many people with an awkward reminder of things they prefer to ignore, such as will writing.
There has been increased volatility in the values of investments while businesses have reacted to the new environment in a variety of ways.
On 11 March the new Chancellor, Rishi Sunak, presented a postponed Budget, the first of two due this year.