The first shoots of spring bring not only an end to the winter gloom, the inevitable bank holiday showers and the promise of summer sunshine, but they also coincide with the end of the fiscal tax year. This is the period that is traditionally a time for partners to review their financial affairs to ensure that available tax exemptions or allowances have not gone to waste.
Typically this time of year heralds a great rush of money into pension plans, Individual Savings Accounts (ISAs) and other tax-driven investment products. But with the ongoing uncertainty in the global environment, will this still be the case? Many private investors are still licking their wounds from three consecutive years of negative returns from equities and a fourth would be the first time this has occurred since the 1930s.
