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As expected, and as inadvertently flagged by the Office for Budget Responsibility, the 2025 Budget included a raft of changes for business owners. From tax hikes to changes to allowances and incentive schemes, there is much to digest.

Save As You Earn (SAYE) share schemes — commonly called Sharesave schemes — are a popular way for employees to save and invest in their company’s shares. They offer a great opportunity to benefit from growth in the company’s value, as well as being subject to beneficial tax treatment.

As we approach the 'Great Wealth Transfer'—the largest generational wealth transfer in history—and navigate an increasingly complex tax landscape, estate planning has become more crucial than ever. Ensuring that clients have an appropriate and efficient estate plan in place not only benefits the client and their beneficiaries by ensuring optimal outcomes but also helps build relationships with the clients' wider network. This, in turn, aids in client retention, one of the biggest hurdles advisers will face during the 'Great Wealth Transfer'.

After someone dies, any ISAs they hold are effectively frozen and no money can be paid to beneficiaries during the administration of their estate. This is considered a ‘continuing ISA’, which during this period maintains its tax efficiency.

Use trusts appropriately, and you can gain a greater degree of certainty about the handling of your financial affairs, both for now and in the future.

When decumulation conversations start with our clients, this can signal the end of the accumulation journey, and the start of the most critical phase of a client’s investment and planning journey.