Personal financial planning – key things you need to know and act on before it’s too late

Ian Thomas - Pilot Consulting

Financial planning - particularly retirement planning - is increasingly a worry for many Heads. The progressive reductions in both the lifetime and annual allowances are thorny issues with which to contend and imminent changes to the tax treatment of property rental income may also have unexpected consequences for your pension.

In this workshop I will be seeking to demystify these issues and to provide some practical guidance on how best to manage the trade off between a higher disposable income, lower tax bills and a better retirement income. The right solutions will vary from person to person, but a key message is that a little forward planning will enable you to make informed decisions and avoid any nasty surprises!

Fundamental changes to both the State Pension and Teachers’ Pensions Scheme are also posing some strategic challenges to independent schools. I will be sharing my thoughts on the financial pressures that are likely to result and what steps might be taken now to prevent issues arising in the future.

Ian Thomas has over 25 years’ experience in financial services and has worked at JP Morgan, Fidelity Investments, Old Mutual Wealth and AXA. In 2011, he established Pilot Consulting, to provide specialist pensions advice in the independent schools sector and is now widely recognised as a leading expert on the Teachers’ Pension Scheme. Ian studied at Universität Düsseldorf and the University of York and holds a BA (Hons) in Economics. He is both a Chartered Financial Planner and Wealth Manager.

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