Getting everyone in your circle of loved ones on board and informed is the key to successful Inheritance Tax planning.
NEWS
Pensions
CAN YOU ADD £3,600 TO YOUR PENSION EACH YEAR (OR MORE) & SHOULD YOU?
Is adding money/capital to a UK pension savings plan still relevant and should you consider it for you personally or even for members of the family?
IS THERE A TRUST THAT YOU HAVEN’T REGISTERED?
It feels a little late in the day and somewhat locking the door after the horse has bolted as Trusts that are caught by the new rules should have registered in the UK last September.
ISAs OR PENSIONS – WHICH IS THE BEST TAX-FRIENDLY HOME FOR YOUR MONEY?
Hands up who wants to pay more tax? We thought so! It’s a no-brainer that we should all make the most of the key tax-efficient ways of saving and investing our hard-earned cash.
STATE PENSIONS – CAN YOU AND SHOULD YOU BUY MISSING YEARS AND DO YOU NEED TO ACT NOW?
The short answer for most people is yes, you should buy enough years to end up with a full State Pension. The low level of risk as any income is backed by and guaranteed by the UK government.
CATEGORIES
LATEST NEWS
THOUGHTS ON THE IMPACT OF THE BUDGET
In the weeks leading up to the UK Budget, the industry has struggled to read the signs from the Treasury as to what was most likely to happen in the Autumn Statement and what new taxes were to be introduced – we just knew that tax would rise.
IS IT ALL DOOM & GLOOM?
If you watch or read the news at the moment, it’s easy to think the world is falling apart. Political tensions, elections, and talk of global conflict seem to dominate every headline. It can all feel a bit bleak – and when you’re also hearing that some professional investors are ‘turning cautious,’ it’s natural to wonder whether it’s time to be worried. Yet, strangely, the investment markets don’t appear to agree with the headlines.
THE GROWING PROBLEM OF CAPITAL GAINS TAX & INDIVIDUAL SAVINGS ACCOUNTS
Over the past few years, one of the quietest but most significant shifts in personal taxation has been the steady tightening of Capital Gains Tax (CGT) allowances. What was once a generous £12,300 annual exemption has been reduced to just £3,000 for the 2024/25 tax year – and there’s every chance that future Budgets or the forthcoming Autumn Statement could push rates higher still.
TAXING PREVIOUSLY TAX-FREE LUMP SUMS – WHAT’S ON THE TABLE FOR THE AUTUMN STATEMENT
Plenty of speculation about the taxes that the Government might introduce – and there is lots of choice but let’s examine the potential for a change to the tax free cash sum that clients normally access on retirement.