Tom Selby

Carl Emmerson, Deputy Director of the Institute for Fiscal Studies, and Tom Selby, Director of Public Policy at AJ Bell, delve into the UK’s escalating tax burden, projected to hit 38.2% of GDP. They explore practical strategies for individuals to safeguard their finances from rising taxes, highlighting the merits of ISAs and the value of pension schemes. The duo also addresses the potential risks of over-investing in cash ISAs and offers insights into tax-efficient options like VCTs, ensuring listeners are equipped to navigate the intricacies of personal finance.

Tom Selby, Director of Public Policy at AJ Bell, explains pension freedoms and access rules. Several retirees share short, practical stories about why and when they chose to stop working. They discuss annuities versus drawdown, tax-free cash rules, rising exit ages and where to find impartial guidance.

Tom Selby, Director of Public Policy at AJ Bell, joins the discussion, bringing deep insights into pensions and tax policies. The duo delves into the implications of the income tax freeze and the new tax rates on savings and dividends. They break down the rationale behind cash ISA reforms and the changes to Lifetime ISAs. Selby warns about the upcoming £2,000 cap on salary sacrifice, while both guests highlight the complexities introduced by the latest Budget and how it affects everyday finances.

Tom Selby, Director of Public Policy at AJ Bell, and Paul Davies, Which? Money's pension expert, delve into the world of self-invested personal pensions (SIPs). They break down the advantages of SIPs, including greater control and flexibility over retirement savings. The discussion highlights the importance of strategic planning and the benefits of consolidating multiple pension pots. Listeners learn how to select the best SIP providers and why SIPs are gaining popularity, especially among self-employed individuals.

Join Jenny Ross and Tom Selby, Director of Public Policy at AJ Bell, as they dive into the intricate world of pensions. They break down the differences between defined contribution and defined benefit schemes, making it easier to choose the right route for your retirement. Tom highlights the flexibility of pension drawdown and its risks, while discussing the shift from annuities since 2015. They address the crucial need for accessible financial guidance and preview the upcoming pensions dashboard, promising to revolutionize how we manage our retirement savings.