While the end of the tax year on the 5th of April is a major focus of tax planning, it doesn’t end there. The following day may require much less immediate attention, but there is an argument for considering it to be just as important.
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No change again to automatic pension enrolment thresholds
The government has confirmed that there will be no revisions to automatic enrolment in workplace pensions for 2025/26. For a government facing an investment shortfall following a £40 billion tax increase, the figure of around £3,000 billion represented by pension assets would appear a very tempting source of capital.