October 3, 2017

Do not forget your pension when it comes to inheritance tax planning

When the pension freedoms were introduced in 2015, the 55% tax charge on death was abolished, meaning pensions are now, potentially, an important part of your inheritance tax planning.   The new rules mean any money […]
August 29, 2017

Are you in dark about your state pension?

A survey conducted by Censuswide1, has revealed a shockingly large number of people approaching retirement are in the dark about their state pension. This is despite the government’s numerous changes aimed at making it ‘simple and […]
February 8, 2017

Britons are ‘woefully’ unprepared for Inheritance Tax Planning

A study compiled by RBC Wealth Management in collaboration with Scorpio Partnership, has revealed that only 24% of British high net worths have a full plan in place for how they will pass their assets down […]
August 10, 2016

How to Reduce Your IHT Bill in 10 Ways

HM Revenue and Customs (HMRC) recently published figures which showed that Inheritance Tax (IHT) receipts have increased by 60% in the last 5 years. HMRC have recorded that these bills have increased from £2.9 billion (2011/2012) […]
April 13, 2016

Have you done all you can to plan for Inheritance Tax?

Her Majesty’s Revenue and Customers (HMRC) has recently announced that it’s taken £4.6 billion in Inheritance Tax (IHT) during the 2015/16 tax year. This represented a 21% increase since last year where HMRC recorded gains of […]
January 21, 2016

Government Signals Change Towards Flat-Rate Pension Tax Relief

The treasury have decided to move towards an industry favoured flat-rate tax relief. A “hybrid” model is apparently in the process of being developed by Osborne where a flat rate is set between 25% and 33%, […]
November 26, 2015

Does Reducing Pensions Tax Relief for the Higher Earner Signal a Change in Cutbacks?

Reducing pension’s tax relief for the higher earner is a well-publicised change which can mislead clients. The reason for this change is to fund the cost of the new Inheritance Tax main residence nil rate band […]

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