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Making Snap Decisions
In 2016, Radio 1’s big weekend is coming to Exeter. Billed as Europe’s biggest free ticket event, the weekend sees headline acts perform over the last weekend in May. It was pleasing to see that 95% of tickets were reserved for those living in the surrounding south-west postcode areas and all were snapped up within an hour of being released online.
When it comes to investing in events, sometimes we have to make snap decisions or risk losing out; but making snap decisions is not generally recommended when looking at investing in the future via pensions, ISAs or other investment instruments. True there is a element of ‘use it or lose it’ at the end of each tax year but make a snap decision now and you could be storing up trouble in the long term or even be leaving yourself open to unexpected tax bills.
This can be particularly true in the case of pension investments where individuals not only have to consider annual allowances but also lifetime limits and current tax positions. If you over-invest not only will you not receive tax relief on excess contributions, but you may also face an additional charge.
That’s one reason why when making investment decisions it pays to spend time first in thoroughly investigating any existing investments and exploring options which best suit current and future expectations. If you’re looking for pensions or investment advice, or if your situation has changed and you may therefore need to review your existing investment portfolio, contact Beckworth by using one of the links on our website.
Call us today: 01392 678 555