When is £1 million not £1 million

When is £1 million not £1 million

David Cameron famously once said he wanted the Inheritance Tax nil rate band for a couple to be £1 million. Despite not being the Prime Minister any longer, he is finally getting his wish and it is about to start happening with effect from the 6th April 2017,with the...
Inheritance tax planning just being ignored. WHY?

Inheritance tax planning just being ignored. WHY?

Canada Life have recently published their IHT Survey for 2016 and it makes for some very interesting reading. Only a 25% of wealthy Brits have sought professional estate planning advice to ensure their families don’t pay more tax than they have to. Over 25% don’t have...
Make sure the tax planning you are doing is LEGAL!

Make sure the tax planning you are doing is LEGAL!

You may have read recently that HMRC’s are upping the battle against tax evasion and avoidance introducing new penalties against ‘enablers’ of unacceptable tax avoidance schemes. Entirely understandable as the country faces continued funding issues...
6 things to do before the end of the tax year

6 things to do before the end of the tax year

The tax year end is fast approaching. So, what should we be thinking about before we’re quickly onto the next one? It’s only a few months away and the year end on the 5th April will soon be here. It might feel at the moment as though there’s plenty of time until the...
Pension rule change that have virtually gone unnoticed

Pension rule change that have virtually gone unnoticed

For the last three tax year’s the maximum amount that could be invested into a pension each year has been set at £40,000 (called the Annual Allowance). However, if you are a higher earner, the amount that can be invested in this tax year that will benefit from tax...
Who will manage your investments as you get older?

Who will manage your investments as you get older?

We’ve all heard about the introduction of ‘pension freedoms’ that came into effect in April 2015 and many investors have taken advantage of the new rules when it comes to taking money out of a pension. Instead of buying an annuity at age 65 when retiring, many people...

Pin It on Pinterest