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Turning 75 and the impact on tax-free cash, pension tax relief and death benefits

Pensions are a crucial aspect of financial planning for retirement. They provide a means to save and invest money during your working years, ensuring you have a steady income when you retire. While most people are familiar with State Pension age (currently 66), fewer understand the significance of turning 75.

This age represents a significant juncture in pension legislation that affects several aspects of your retirement planning, including how your pension is managed and the tax implications associated with it.

Protect your law firm’s people 

By implementing measures such as key person insurance, shareholder agreements, and relevant life policies, you can secure your law firm’s operations, protect stakeholders, and maintain business stability and growth.

Rethinking passwords on World Password Day

World Password Day highlights the need to move beyond traditional passwords, which are often weak and vulnerable to attacks. Embracing passwordless authentication, using multi-factor authentication, and adopting secure practices like password managers and user training are key steps to strengthening digital security.

Furnished holiday letting – changes to tax

From the 6 April 2025, the tax treatment of Furnished Holiday Lets (FHL) changed. Income from these properties is now treated the same as other residential lets.

This is expected to impact 127,000 holiday let owners across the country.

An interview with.... Martyn Kendrick, Lloyds Banking Group's UK Head of Legal and Professional Services

Andy Poole interviews Martyn Kendrick, UK Head of Legal and Professional Services at Lloyds Banking Group, to explore his thoughts on the current financial performance of law firms and partner capital funding.

Armstrong Watson embraces generative AI to enhance services and productivity

Recognising the potential of generative AI to help with tasks like report writing, data analysis, crafting presentations, and generating insights, we wanted to ensure that our teams were on the journey as soon as possible to integrate it in our working practices a step at a time. 

Is your business compliant with new workplace recycling changes?

With businesses focused on accounting for recent employment tax changes, many may be unaware of the introduction of new workplace recycling rules, which came into effect at the end of March.

Market Update – Understanding Trump’s Tariff Plans and the Market Forces Behind These

Our latest commentary on the financial investment markets and the wider economy. 

Updates to Making Tax Digital for Income Tax

The Chancellor Rachel Reeves included updates within the Spring Statement to Making Tax Digital (MTD) for Income Tax, expanding its reach to include a wider range of small businesses.

Armstrong Watson trainee rises through the ranks receiving Senior Manager promotion

Hannah Laidlaw-Keggans has been promoted to Senior Manager, recognising the significant contribution she makes to the team and clients she works with.