Partner Article

Welcome breaks on NISAs and annuities

Kay Ingram, Divisional Director of Individual Savings and Investments at financial planners LEBC welcomes the changes in New Individual Savings Accounts (NISAs) announced in the Chancellor George Osborne’s Autumn Budget statement.

“These enable spouses to keep the tax breaks on their deceased partner’s NISA on death,” says Ingram, “This will really make a difference to a lot of widows as will the tax break on joint life annuity income. The latter will be especially helpful to those widow’s who have not had the opportunity to build up their own income and whose husbands have underestimated the cost of living alone.”

This was posted in Bdaily's Members' News section by LEBC Group Ltd .