Approaching retirement is a good time to review how your pensions, savings and investments are structured for tax. The most useful tax efficiency strategies are rarely about chasing a single tax break.

Inflation affects investment decisions because it reduces the real value of money over time. Even when an investment grows in pounds and pence, inflation can reduce what that money can actually buy in the future. 

With the new tax year now a couple of months underway, this is a good time to review whether your savings, investments and pension contributions are still working efficiently...