Financial planner warning over pensions changes in Budget

9 March 2016

A Derbyshire financial planner is warning that private pensions could still be hit in the Budget next week. (March 16th)

The warning from Jillian Thomas, managing director of Future Life Wealth Management in Renishaw, comes after reports that George Osborne has backed down on his plans to introduce a new flat-rate pensions’ tax relief, which would have hit higher rate tax payers.

Jillian, who is also president of Sheffield Chamber of Commerce and Industry and is based in Renishaw, said: “It looked like his proposed changes would have proved very unpopular, so he appears to have back-tracked. But the Chancellor still needs to find savings from somewhere and pensions are an obvious place to hit.

“People approaching retirement are already losing out with the increase in the state pension age, so whatever rabbit he pulls out of the red box on Wednesday it may not be popular.

“But whatever changes there are, we must all be careful to plan our retirement. If you plan it well it will feel like one long holiday; if you don’t it will feel like a long period of unemployment.”

Future Life Wealth Management offers a bespoke financial planning service to generators and receivers of wealth, including business owners, executives, inheritors and retirees.

The company was named among the top 100 financial advisers in the country in 2013, 2014 and 2015 by The New Model Adviser, which recognises firms for their qualifications, income and commitment.

Notes to editor

Attached picture shows Jillian Thomas.

Jillian is available for interview about the Budget and can be contacted on 01246 435 996 or at

Jillian can be seen talking about some concerns over pensions on this video:

Future Life Wealth Management is based at Future House, Ravenshorn Way, Renishaw. The company offers financial planning to generators of wealth, typically business owners, executives and professionals, and also to receivers of wealth, such as inheritors, divorcees, widows and retirees.

For more information about Future Life go to

Additional media contact: Kate Betts on 01226 766900 or 077927 64891 or at

This press release was prepared by Capital B Media, a public relations and media training agency based in Sheffield, South Yorkshire. For more information, please visit 

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