Maximising 2021/22 Personal Allowances
The current Tax Year ends on April 5th 2022. Make sure your allowances are used efficiently, it pays to start early.
Tag Archives: tax
The financial planning requirements of James Bond, Harry Potter and Doctor Who
We take a look at the finances of three fictional heroes from the UK and discuss how financial planning could help them. While we had a lot of fun writing this article, it highlights several specialist areas of financial advice, and how versatile an adviser’s toolbox can be.
Why are IHT rules so confusing?
Confused by IHT rules? You’re not alone. Less than half who make gifts understand IHT rules, according to the HMRC. So, what are the rules and why affect will they have on your estate planning?
Alternative investment strategies for your portfolio
A first-hand account from Jasmit Bahia, about how recent changes have affected his BTL portfolio.
Have you had a letter from HMRC?
New rules mean that 95% of taxpayers should no longer need to pay tax on their savings income. But those who now earn more in interest than the new Personal Savings Allowance may have had a letter from HMRC. Find out more about the recent changes here.
How will the 2018 Budget affect me?
While we wait to understand how Brexit will affect us, there are a number of changes coming this year, many recently announced in the 2018 Autumn Budget. We’ve created this article about what these changes are and how they might affect you.
Will low savings account rates ever bounce back?
The base rate rose last year for the first time in a decade, but will we see low savings account rates rise? What might cause them to improve?
Most people who invest a pension have no fail safe against falling ill
Originally published by thisismoney.co.uk 29/05/18 Four out of five retirees in income drawdown have no 'lasting power of attorney' set up, finds Zurich Investing a pension involves keeping on top of funds throughout your old age Having an LPA set up means someone you appointed takes over if you are ill If not, families face [...]
How can you save Inheritance Tax (IHT) on your home?
Structuring your estate correctly can lead to big savings if you understand the complexities of inheritance tax Currently all individuals in the UK have a nil rate band of £325,000 each. This means that on death, if the value of your estate (all your cash, assets, investments and personal chattels) is less than £325,000 (or [...]
Will the taxman be the main beneficiary of your estate?
News headlines of tax avoidances schemes can be unsettling, especially if you worked to protect the assets you have a built up over many years to go to your chosen beneficiaries rather the tax man.
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