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?
Tag Archives: tax
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?
You may have exceeded your Personal Savings Allowance. New rules mean that 95% of taxpayers should no longer need to pay tax on their savings income. As for the rest – find out more about 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.
Five financial planning tips for 2019
Many of us look to January for a fresh start – to make changes or new resolutions, but why wait? Find out our top 5 tips for this year to make sure you’re on track to your financial goals.
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.
What is a VCT (Venture Capital Trust)?
Venture Capital Trusts were once considered ‘niche’ investments, but recent events have put them on the radar of a much greater number of UK investors, explains Stuart Lewis of Octopus Investments.
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