PROSPERITY
PRIVATE CLIENT NEWSLETTER
WELCOME
Welcome to the latest edition of Prosperity.
The economic and tax landscape continues to evolve, with further policy announcements and market developments shaping how individuals and business owners manage their finances.
Recent changes announced in the Budget, alongside the Bank of England’s decision to reduce interest rates, underline the importance of reviewing financial strategies regularly.
In this edition we explore several key areas likely to affect you in the future. We examine proposed changes to salary sacrifice arrangements and consider how these may influence remuneration planning for both employers and employees. We also look at profit extraction, highlighting the considerations for business owners in light of ongoing tax reform.
We provide a macroeconomic update, offering context on the wider economy and what it may mean for investors. We also break down the changes to Cash ISAs announced in the Budget and discuss how the recent cut in interest rates could impact savings and borrowing decisions.
We hope this newsletter provides clear and practical insight to help you make informed financial decisions. Please do contact us if you would like to discuss any of the topics covered, or if you would welcome a review of your tax or financial planning arrangements. As always, we are here to support you with advice tailored to your individual circumstances.
Reme Holland Partner
Albert Goodman Chartered Financial Planners
WHAT SHOULD UK INVESTORS EXPECT IN 2026?
As we step into 2026, the economic landscape in the UK and across the globe continues to shift. After several years marked by high inflation, geopolitical uncertainty, and changing monetary policy, UK investors face a new set of opportunities and challenges. Understanding these macro trends is crucial for making sound financial decisions in the year ahead. Here’s what you need to know.
Inflation: Returning to Normal?
The UK has finally seen a meaningful drop in inflation after a prolonged period of rising prices. In November 2025, inflation fell to 3.2%, down from 3.6% the previous month. This decline was helped by falling food and drink prices, which dropped month-on-month - a welcome relief for households.
Most economists expect inflation to keep trending downward through 2026. Several factors are supporting this outlook, such as Lower energy prices compared to the peaks of 2022–2023, global supply chains stabilising after years of disruption, and softer consumer demand as households adjust to higher borrowing costs.
Independent forecasts, including those compiled by HM Treasury, also predict further moderation in inflation. However, there are still risks. Wage growth, while slowing, remains above pre-pandemic levels, and global commodity markets are sensitive to geopolitical events. Any resurgence in oil or gas prices, or renewed supply chain issues, could slow the progress on inflation, however, there are suggestions there could be an oversupply of oil in 2026, which could provide further support for a reduction in inflation globally.
Interest Rates: Cuts Begin, But Uncertainty Lingers
The Bank of England has started to ease monetary policy, cutting the base rate to 3.75% at the end of 2025, the lowest
rate since early 2023. The decision was close, reflecting uncertainty within the Monetary Policy Committee about how quickly to loosen policy.
Further rate cuts are likely, but the pace will depend on how inflation evolves. The Bank has already made policy “significantly less restrictive” after 150 basis points of cuts since August 2024. Most economists expect:
Gradual rate reductions through 2026.
Rates stabilising around 3.0%–3.5% by year-end.
Cautious moves from policymakers to avoid reigniting inflation.
For households and investors, this means mortgage rates should continue to ease, though slowly, while savings rates may drift lower. Borrowers will welcome the relief, but savers may need to rethink their cash strategies as the interest-rate environment normalises.
UK Economic Growth: Modest Recovery After a Weak 2025
The UK economy ended 2025 on a soft note, with GDP contracting by 0.1% in both September and October and showing no growth since June. This stagnation reflects subdued consumer spending, weak productivity, and a cooling labour market.
Looking ahead, forecasts for 2026 suggest modest but positive growth. Slight GDP growth is expected, though still below long-term averages. Momentum is likely to be slower due to a weakening labour market, keeping consumer spending subdued. 2026 is set to be a year of adaptation, with businesses and households adjusting to recent structural changes rather than experiencing strong headline growth.
Key drivers of UK growth in 2026 include:
Increased investment in green energy and data-centre infrastructure.
Strengthening public-sector investment as infrastructure projects ramp up.
A gradual recovery in real household incomes as inflation falls.
However, the UK still faces challenges such as low productivity growth, regional inequality, and tight fiscal conditions.
Global Economic Outlook: Diverging Paths
The global economy is set for uneven growth in 2026. While the UK and parts of Europe face subdued momentum, other regions are better positioned for stronger performance.
United States: The US economy remains resilient, supported by strong consumer spending and labour markets. However, higher interest rates and fiscal tightening may slow growth, though the US is still expected to outpace Europe.
Eurozone: The region continues to struggle with weak industrial output and sluggish consumer demand. Growth will likely remain modest, with inflation still above the European Central Bank’s target in some countries.
China: Growth remains uncertain due to structural issues like the property-sector downturn and demographic pressures. Policymakers are expected to introduce targeted stimulus, but growth will likely stay below the rapid rates of the past decade.
Emerging Markets: These economies present a mixed picture. Commodity exporters may benefit from stabilising global demand, while others face challenges from high debt
and currency volatility. Countries with strong domestic demand and diversified exports are likely to outperform
What This Means for UK Investors
For UK investors, the macro backdrop suggests a period of cautious optimism. Falling inflation and lower interest rates should support both equities and bonds. Infrastructure, renewable energy, and technology sectors may benefit from increased investment, and global diversification remains essential, given the divergence in regional growth prospects.
Many investors are viewing 2026 as a year to plan for the future, diversify their portfolio, and regularly review their investments. Stay informed and flexible to handle changes in 2026. The friendly team at Albert Goodman Financial Planning is here to support your financial goals with expert, unbiased advice on investments, pensions and tax.
This article is for information only and does not constitute advice. The value of your investments can go down as well as up, so you could get back less than you invested. Past performance is not a reliable indicator of future performance.’
PROFIT EXTRACTION IN 2026 AND BEYOND – ALL CHANGE!
In her November Budget Rachel Reeves, Chancellor of the Exchequer, announced a variety of tax increases which will impact owners of limited companies.
Reeves revealed the rate of tax on dividends will increase by 2% for both basic and higher rate taxpayers from 6 April 2026. This follows on from the Chancellor’s previous announcement in the autumn 2024 Budget that, from April 2026, there will be an increase from 14% to 18% for the rate of Capital Gains Tax (CGT) which applies on gains where Business Asset Disposal Relief (BADR) is available.
April 2027 will see a 2% increase in the rate of tax applicable to both property income and savings income. This increase will impact basic, higher and additional rate taxpayers.
Business owners may well feel as though they are being targeted by the Chancellor. The increases announced in November come on the back of other tax increases that were announced by Reeves in her 2024 Budget, most notably rises in the level of Employers’ National Insurance and the National Minimum Wage.
These increases, coupled with the freezing of tax allowances, means it is increasingly important for the proprietors of owner managed business to review their remuneration plans.
Business owners should consider whether the current method being used for profit extraction is the most appropriate. The recent changes to tax rates make it important to consider questions such as:
Are dividends more tax efficient than salary?
Should I be charging interest on my directors current account?
Should I be charging the company rent for use of the premises which I own?
Individual circumstances will vary, and various factors need to be considered on an individual basis. Considerations such as your age, marital status, the profitability of the company, and the role of the company all have a bearing on the best approach to adopt.
Whilst rates of tax on rent, savings income and employers’ national insurance have all increased, the rules relating to pensions are largely unaltered. The only change announced in the Budget related to salary sacrifice pensions, and these changes will not be implemented until April 2029. As such, for the majority of business owners, the advantages offered by pensions have only increased, as other means of profit extraction become less attractive. Therefore, for business owners who are either generating cash or simply providing for retirement, it remains the case that pension contributions should be maximised.
With the cost of living increasing for so many, any saving that can be achieved is even more important. The message for business owners is clear – review the approach for extracting money from your company!
CASH ISAS
What’s
changing under the 2025 Budget
In the 2025 Autumn Budget, the government confirmed major reforms to how ISAs work for most adults. Regardless of age, your total annual ISA allowance will still be £20,000, but the way you can use it will change for those under 65. From 6 April 2027, for savers under 65:
You will be restricted to a cash ISA allowance of £12,000 per tax year.
The rest - up to £8,000 - could go into a stocks & shares ISA.
Or you can choose any combination that suits you, as long as you don’t exceed £12,000 in a cash ISA and your total doesn’t go over the £20,000 limit.
For those aged 65 or over, the changes do not apply.
In effect, the government is restricting how much new money under 65’s can shelter in tax-free cash savings, effectively nudging savers towards investing via Stocks & Shares ISAs.
Why is the government doing this?
The government’s aim and expectation is this change could lead to more widespread adoption of investing rather than cash saving. In turn, the ideological standpoint is that the UK economy will benefit from more money flowing into investment rather than sitting idle in cash. That said whether savers feel comfortable investing depends heavily on their risk tolerance, financial knowledge, and investment horizon.
What this means for savers?
The reduction in the cash ISA limit is a blow for many savers who relied on cash ISAs as a safe, tax-free place to park their money. This may force savers to reconsider how they balance safety, accessibility, and return.
Will savers move to Premium Bonds?
It’s plausible that some savers will look at alternative low-risk, tax-efficient vehicles outside ISAs. For savers who want to avoid market risk but lose the ability to shelter large sums in cash ISAs, Premium Bonds could look more appealing. Premium Bonds offer a form of return (prize-based, not interest) and are still tax-free, with a maximum holding of £50,000 per person.
However, it’s unlikely everyone will shift wholesale into Premium Bonds. The returns are unpredictable (you might win, you might not), so those who want guaranteed modest interest might be dissuaded.
Will this increase the appetite for investing?
As a firm, we welcome the Chancellor’s proposed changes to the ISA system to encourage more long-term investing. The UK has historically relied too heavily on cash and not enough on long-term investment assets. Lowering the cash ISA allowance for those under 65 is not about restricting choice but about encouraging people to consider investing and boost their longerterm financial position.
Source: FE Analytics. Past performance is not a reliable indicator of future performance.
I feel that it makes sense to encourage more cash savers to invest as a means of improving their own financial prospects in the long-term. That’s because returns from investments have tended to beat returns from cash and inflation - as shown below - albeit with the risk of loss along the way.
Additionally, the government has made clear its desire to get the economy growing more quickly and has identified the UK’s role as a financial hub in achieving that. It therefore makes some sense to encourage savers to put money held in cash to use in stocks or bonds where it can potentially be more productive.
It is also important to note that 80% of Cash ISA holders are saving less than £10,000 a year, so the legislation is unlikely to have an impact on the mass UK market. Therefore, it will be interesting to see how this change is brought to the mainstream markets.
Bottom line: Savers must reconsider their strategy
The 2025 Budget reforms represent a significant change in how the UK government intends savers to use their money. As a result, many individuals may need to reassess their existing plans and consider whether the security and liquidity of Cash ISAs remain appropriate, or whether Stocks & Shares ISAs could now provide greater long-term value.
I would encourage clients to speak with a financial adviser, or at least undertake a more detailed review, to ensure their current strategy continues to align with their objectives.
The information contained within this article is based on our understanding of legislation, whether proposed or in force, and market practice at the time of writing. Levels, bases and reliefs from taxation may be subject to change. This article is for information only and does not constitute advice. The value of your investments can go down as well as up, so you could get back less than you invested.
AUTUMN BUDGET 2025KEY UPDATES FOR INTERNATIONAL CLIENTS
The Autumn Budget delivered on 26 November 2025 bought meaningful changes for internationally mobile individuals, non-residents and those with cross-border assets. Whilst the Budget did not bring the impactful overhaul speculated about in the media, the measures announced do signal a continued tightening of rules affecting overseas income, offshore structures, and UK property ownership.
Below are some of the key measures announced:
UK Property Income Tax Rates
In November 2025, the Chancellor announced increases to rates of tax applicable to savings, dividend and property income. In most cases, UK property income remains taxable in the UK wherever you reside for tax purposes, due to the property being in the UK. A 2%-point tax increase will apply with effect from 6 April 2027.
Non-Resident Capital Gains Tax (NRCGT)
The rules around NRCGT are being tightened, with loopholes closing for indirect disposals.
This, together with increased tax rates applicable to property income, mean that the burden on UK property owners is growing, and existing structures may need reviewing to ensure that continued efficiency is obtained.
Temporary Non-Residence
The government is taking further steps to ensure that internationally mobile individuals face consistent UK tax treatment using adjustments to the temporary non-residence anti-avoidance legislation. This anti-avoidance legislation applies where the following two conditions are met on your return to the UK:
You were tax resident for four out of the seven tax years immediately before year of departure; and
Your period of non-residence is less than five years
Where these two conditions apply, you will be subject to UK tax in the year that you return to the UK on certain sources of income and capital gains that arose during your period of non-residence. From 6 April 2026, these rules are tightening further, to include any close company distributions.
Restrictions to Voluntary National Insurance
Up until 6 April 2026, expats can pay voluntary class 2 National Insurance to secure full entitlement to the UK State Pension as well as other benefits.
From 6 April 2026, class 2 voluntary contributions will be withdrawn, aiming to close gaps in the voluntary National Insurance system. Any expats currently relying on voluntary NI to maintain their State Pension record will face reduced access and higher contribution costs from 6 April 2026 so proactive planning is a must.
If you are planning to leave or return to the UK, it is vital that you plan for this accordingly to avoid any unintended tax implications.
Offshore Trusts and Inheritance Tax
A £5million cap will apply to ten-year anniversary and exit charges on certain excluded property trusts created before 30 October 2024.
By way of a reminder, an excluded property trust was a mechanism whereby non-UK domiciled individuals could place their non-UK assets within an offshore trust structure to ensure that these assets remain outside the scope of UK Inheritance Tax.
There have been a lot of changes that impact excluded property trusts in recent years so please do get in touch if you would like to discuss.
Conclusion
The Autumn 2025 Budget continued the UK’s trend of tightening tax rules and closing loopholes. It is more important than ever that everyone reviews their UK tax exposure to ensure that affairs are structured as efficiently as possible.
If you would like tailored advice on how these measures may impact your tax position or planning, please do get in touch.
CHANGES TO SALARY SACRIFICE
Introduction
It was announced during the Budget in November that the National Insurance saving on employee pension contributions made via salary sacrifice would be capped. This change is scheduled to take place in April 2029.
What is pension salary sacrifice?
Pension salary sacrifice is an agreement between an employer and their employee. Under this arrangement, the employee agrees to a reduction in their salary that is equal to the amount they contribute to their pension, in return for an employer contribution which is typically of equal value.
How
will this be changing from April 2029?
From April 2029, the pension contribution amount that is exempt from National Insurance will be capped at £2,000 a year for employee pension contributions made via salary sacrifice. As a result, the maximum National Insurance saving from salary sacrifice will be:
Employers: 15% of £2,000 = £300 pa.
Employees: 8% of £2,000 = £160 pa.
If we revisit our earlier example with the individual earning £28,000 a year, they will not be affected by the changes in April 2029, as their pension contribution of £1,400 falls below the £2,000 cap.
On the other hand, an individual contributing £2,400 a year into their pension will only benefit from a National Insurance saving on the first £2,000. Employer and employee National Insurance will be applied to the remaining £400. Income Tax relief will still be applied to the full contribution.
For clarity, this cap only applies to pension contributions funded by the employee via salary sacrifice. Contributions funded by the employer will continue to be free from employer National Insurance.
How does this work in practice?
Consider an employee earning £28,000 a year gross is contributing 5% of this into their pension.
This equates to a pension contribution of £1,400 each year.
Their employer is paying a 3% pension contribution of £840.
Without salary sacrifice in place, both employer and employee National Insurance contributions (NICs) are based on this employee’s gross salary of £28,000.
Under a salary sacrifice arrangement however, £1,400 is deducted from this employee’s salary, and the employer instead makes an additional pension contribution of £1,400.
So the employer’s total pension contribution will be £2,240 (£840 + £1,400), and the employee’s pension contribution is reduced to £0.
This means that the employee’s gross salary has effectively been reduced by £1,400 to £26,600.
Consequently, employer and employee NICs will be based on £26,600 rather than £28,000.
This results in a National Insurance saving of £210 per year for the employer, and a saving of £112 per year for the employee. The employee NI saving can either be used to increase the employee’s take home pay, or it can boost their pension contribution.
What will the impact of these changes be?
Once the cap is in place, it could discourage individuals from making pension contributions above the £2,000 cap each year, which would have a negative impact on future retirement savings. However, despite the proposed changes, individuals should keep in mind that the Income Tax relief on contributions will still make pensions an attractive, taxefficient, long-term savings option.
The table below illustrates the impact on pension pots, with those earning over £50,000 impacted most significantly. Over a twenty-year period, an employee will find their pension pot £7,061 worse off when the rules on salary sacrifice change in 2029. Compare this with an employee earning £25,000, who will be £93 worse off. Those earning £95,000 will find their pension pots reduced by £22,963 over a twenty-year period.
The table above includes the impact on both employee and employer national insurance contributions. Based on 5% pension pot growth, 2% inflation and 3% wage growth. Assumes National Insurance bands remain frozen for 2029-
30 and 2030-31, then start to rise in line with inflation.
The future of salary sacrifice
There is also a possibility that pension salary sacrifice will see a surge in popularity, as employers and employees will want to make the most of the available National Insurance saving before the cap is imposed in April 2029.
Who do I contact if I’d like to know more about pension salary sacrifice?
I’m here to help! I am the Workplace Benefits Consultant at Albert Goodman, and I’m happy to answer any questions you have regarding salary sacrifice, how to put it in place, and how the associated tax savings could benefit your business.
The information contained within this article is based on our understanding of legislation, whether proposed or in force, and market practice at the time of writing. Levels, bases and reliefs from taxation may be subject to change.
This article is for information only and does not constitute advice.
A pension is a long-term investment not normally accessible until age 55 (57 from April 2028 unless the plan has a protected pension age). The value of your investments (and any income from them) can go down as well as up which would have an impact on the level of pension benefits available. Your pension income could also be affected by the interest rates at the time you take your benefits.
THE SQUEEZE ON LANDLORDS: RISING TAXES, NEW RULES AND SHRINKING RETURNS
The announcements made by the Chancellor in the November 2025 Budget were a further blow for landlords. Recent years have seen an erosion of profitability due to a raft of changes which promise to reshape the private rental sector.
Rising Tax Burdens
One of the most pressing issues for landlords has been the steady increase in taxation on rental income and profits. The Budget in November 2025 introduced a further 2% rise in income tax rates on rental profits from April 2027, together with the new Mansion Tax on properties valued at over £2 million from 2028.
These changes follow earlier reforms such as the restriction of mortgage interest tax relief, an increase in Capital Gains Tax rates when you sell the property, together with additional Stamp Duty Land Tax when you acquire the property.
For many, these upcoming rises in income tax rates from April 2027 will mean even higher tax bills when profit margins are already slim.
The increase in the Stamp Duty Land Tax (SDLT) surcharge on the purchase of second homes, which increased from 3% to 5% in the October 2024 Budget, has made acquiring property more expensive. This has discouraged investment and pushed some landlords to sell, rather than grow their holdings.
A further looming challenge is Making Tax Digital for Income Tax. This is set to become mandatory for landlords with qualifying income over £50,000 in April 2026. Those landlords that need to comply with the new regime will be required to maintain digital records and submit quarterly updates to HMRC. This will further increase administrative burdens and compliance costs.
Beyond taxation, landlords have also been hit hard by legislative reforms aimed at strengthening tenant rights. The Renters’ Rights Act 2025 – which comes into force in May 2026 - represents the most significant overhaul of rental law since the Housing Act 1988.
Key changes include the abolition of Section 21 no-fault evictions, automatic conversion of assured shorthold tenancies into rolling periodic contracts, and pet ownership rights.
These reforms - while designed to protect tenants - have left many landlords feeling control over their own assets has been diminished.
Impact on the Sector
The cumulative effect of tax hikes and legislation has been profound. Surveys show that landlords with large property portfolios are increasingly selling off properties while smaller landlords - who make up the majority of the sector - are struggling to maintain profitability. Anecdotally, these smaller landlords are talking about their desire to leave the sector. Retired landlords, often reliant on rental income for their retirement needs, are particularly vulnerable.
The changes detailed above are all part of a continuing journey which is still playing out. However, if the supply of the rental properties dries up due to landlords leaving the sector, we are likely to see rents increase as demand outstrips supply. We will then be in the ironic position where changes designed to protect tenants have the opposite impact.
KATIE HODGE Senior Tax Manager
BANKOFENGLANDCUTSBASERATETO3.75%
The Bank of England delivered an early Christmas present when it reduced the base rate from 4.00% to 3.75% on 18 December. This move was anticipated by the financial markets, following news of the economy shrinking unexpectedly in October, and inflation falling by more than expected.
The announcement sees borrowing costs at their lowest level since January 2023.
WHAT HAS HAPPENED
The Monetary Policy Committee has voted by a majority of 5-4 to lower the base rate, the interest rate the Bank of England charges commercial banks when they borrow money.
The base rate underpins a wide range of interest rates across the economy, including mortgages, savings accounts, loans and business finance.
This reduction represents a move away from the highly restrictive policy stance that has been in place to tackle elevated inflation, as the Bank of England seeks to reduce inflation to its target rate of 2%. News released in midDecember that CPI inflation had fallen to 3.2% - down from 3.6% the previous month – will have provided the Monetary Policy Committee with further confidence the time was right for another reduction in the base rate.
The base rate reduction is widely viewed as a measured and deliberate move. There is the prospect of further base rate cuts in 2026, however, these will be subject to inflation continuing to fall in line with expectations.
WHY THE DECISION HAS BEEN TAKEN
Economic growth in the UK has been subdued. Households have faced sustained pressure from higher living costs, while businesses have contended with higher borrowing costs and cautious consumer demand. By reducing the base rate, the Bank of England is seeking to support economic activity without undermining the progress made on inflation.
While price pressures have not disappeared, inflation has eased compared with recent peaks, reflecting the cumulative impact of earlier interest rate rises. Slower demand, easing supply pressures and a cooling labour market have all contributed to a more balanced inflation outlook.
Other major central banks – including the Federal Reserve in the United States - have begun to ease policy. The Bank’s decision reflects the need to balance domestic economic conditions with an increasingly supportive international monetary environment.
Importantly, this move does not mean inflation risks have disappeared. Future decisions will remain dependent on financial data, and interest rates may need to stay higher than historic norms for some time.
WHAT THIS MEANS FOR CLIENTS WITH A MORTGAGE
December’s announcement was expected and had already been priced into mortgage rates offered by many lenders.
For clients on variable rate or tracker mortgages, the reduction in the base rate will lead to a modest fall in monthly repayments. While the saving may appear small in isolation, it can make a meaningful difference to household cash flow over time.
Additionally, those on variable or tracker mortgages may now wish to consider a fixed rate mortgage, with rates having fallen significantly since the base rate reached its recent peak at 5.25% in August 2023.
For those on fixed rate mortgages, there is no immediate impact. However, expectations of lower interest rates are already feeding into mortgage pricing. Clients approaching the end of a fixed rate period may start to see improved options emerge, so it remains sensible to review your mortgage arrangements early.
WHAT THIS MEANS FOR BUSINESS OWNERS
Lower financing costs can ease pressure on cash flow and provide additional flexibility when managing working capital.
However, uncertainty remains and one rate cut does not remove wider economic challenges. For some businesses, the changing interest rate environment may present an opportunity to refinance existing debt or reassess investment plans that were previously marginal.
NEXT STEPS
This change in the base rate provides a timely opportunity to review your wider financial plans. We encourage borrowers to reassess lending arrangements, savers to ensure cash holdings remain efficient, and investors should check their portfolios remain aligned with long-term objectives.
Thoughtful, proactive planning remains key in navigating a changing economic environment. The team at Albert Goodman Chartered Financial Planners are here if you would like to discuss how the base rate reduction affects your personal or business circumstances.
REVIEWING WILLS IN LIGHT OF CHANGES TO APR AND BPR ALLOWANCES
When the £1m Agricultural Property Relief (APR) and Business Property Relief (BPR) allowances were first announced the immediate reaction of Private Client practitioners was to advise clients to either utilise Trust structures in their wills to capture these reliefs or, alternatively, to pass the assets in question down a generation. This was necessary as the £1m allowance was not initially proposed to be transferrable between spouses.
The good news is, however, that the November 2025 Budget announced both an increase in the value of the allowance to £2.5m, plus the ability for the allowance to be transferred between spouses.
At first glance it appears there is no disadvantage in having simple mirror wills with all assets simply transferring to the surviving spouse on first death. However, while this is true to a certain extent, there are still several reasons why transferring assets qualifying for either APR or BPR in some other way might be considered.
For example:
Assets qualifying for relief on the first death might be sold in the period between first and second death. The corollary being that the relief available on the first death is effectively lost.
The rate of BPR and APR available on the second death might become less attractive in the future as future governments try to increase the tax take from IHT.
The activities of the entity involved change in the period following the first death such that BPR is again lost.
Irrespective of the BPR/APR allowance becoming transferrable, it remains the case that something other than simple mirror wills should be considered.
The changes announced by the Chancellor last November are just another reason why business owners need to review their wills. Other more common reasons to review wills include:
When an individual gets married. The general rule being saying “I do” revokes any wills in place.
If someone gets divorced.
If someone moves house.
A beneficiary or executor dies.
Whilst a will can be prepared that achieves what is desired, it can quickly become out of date either due to legislative changes or indeed the passage of time. As John Lennon famously said “Life is what happens to you while you’re busy making other plans”.
BRISTOL INTERNATIONAL BALLOON FIESTA
The iconic Bristol International Balloon Fiesta is a free to attend, three-day event that celebrates the city and its heritage links to the remarkable world of hot air ballooning.
The rolling hills of Ashton Court on the outskirts of the city of Bristol are home to a temporary playground of entertainment, and a stage set ready and waiting for over 100 hot air balloons to take flight.
Albert Goodman has been operating in communities throughout the South West for over 150 years, and as a proudly independent business, we feel real connection to the pioneering spirit embedded in the Fiesta.
This is a meaningful investment for us, not just financially, but as a commitment to the city and its cultural fabric. It means a great deal to us (and to our clients) that we can help the fiesta remain free for the city, help to support the regional economy in which we live, work and do business and celebrate the city while sharing the magic of hot air ballooning with all.
As a firm with deep roots in the South West, community is at the heart of everything we do, and the Fiesta perfectly reflects that sense of pride and shared experience. We love that we’re playing a part in helping to deliver such a memorable event that everyone can enjoy.
With Bristol being a pivotal part of our ongoing strategy and the Fiesta being a cornerstone of the city’s event calendar, it is one we felt we felt perfectly aligned with who we are and our vision for the future.
We are proud of the connections we are continuing to make in the city and beyond – through sponsorship and partnership like Bristol Sport and the Grand Appeal and our support for the Fiesta is a key milestone in this journey.
The Bristol International Balloon Fiesta has now been going for almost half a century and we are excited to be supporting the region’s most iconic and loved event.
As the headline sponsor of the Bristol International Balloon
Fiesta, our brand gains prominent visibility and association with a high-profile event. The Fiesta attracts over 300,000 visitors annually, offering a unique platform to engage with a diverse audience.
The event also carries the title “Bristol International Balloon Fiesta in partnership with Albert Goodman”, which prominently featured across all channels — including news coverage, social media, Tannoy announcements, and on-site signage. Our iconic pink branding was everywhere.
We also had our own large activation stand where we got to engage and interact with visitors across the weekend.
It’s important to us that we actively involve and bring our people along with us on what is our biggest sponsorship to date. After an internal launch event, we took our 350 people to the Fiesta for our annual whole firm away day to celebrate and experience the event firsthand.
By partnering with such an iconic and loved event, we aim to celebrate the South West, strengthen relationships with the local community, and showcase Albert Goodman as a forward-thinking firm whilst growing our presence in Bristol.
In the short term: Key indicators will include website traffic and enquiries generated during and immediately following the event, together with levels of social media engagement, media coverage, and overall PR exposure.
In the medium to long term: Monitoring will focus on the volume and the enquiries originating from Bristol and the surrounding area during this period and in subsequent years.
STACEY JABBITT Marketing Manager stacey.jabbitt@albertgoodman.co.uk