Beat Inheritance Tax by Utilising your Pension Fund
Inheritance tax has become the big fear. With rising house prices and a complex and unwieldy set of tax rules, navigating inheritance tax is both difficult and time consuming. This is one of the reasons that this tax can catch you out and cause all sorts of dilemmas to your beneficiaries after you pass. In […]
How to Avoid Inheritance Tax by Giving Away your Surplus Income
When it comes to wealth management, inheritance tax (IHT) generates its fair share of headaches. Tax rules across the world are murky and unclear where IHT is concerned. A wrong turn when navigating this path can cost your family dearly especially in the UK. Giving Away Income to avoid Inheritance Tax Under section 21 of […]
3 Ways to Avoid Inheritance Tax
Inheritance tax (IHT) has caught many out in recent years. Rising property prices have pushed the values of estates far beyond the tax threshold of £325,000 resulting in bereaved families being hit by unwelcome and surprise IHT bills. To beat the taxman and minimise liabilities to your family get in touch. There are steps you […]
Implement Estate Planning to Ensure Inheritance Tax doesn’t bite too hard!
Without question inheritance tax is the most controversial tax in the UK. To some it is a leveller in society, to others it is a tax upon tax already paid. Whatever your thoughts on the tax, if you have acquired a significant amount of wealth, you need an estate plan to ensure the majority of […]
Key Considerations about Inheritance Tax
Inheritance tax payments are often seen as unfair. You could have worked all your life and acquired a healthy sum only to find that up to 40% of your estate is going to the taxman. At the same time, other options may allow your family members to spend your money in on things you may […]
Home Ownership set to Plummet According to Leading Economist
A Whole Generation of People will be locked out of the Home Ownership Leading economist David Mills has said that UK home ownership will dwindle over the coming years. His fears are born out of rising unaffordable housing values, wages which have failed to keep pace with rising house prices, together with rising rental costs […]
How to Ensure Life Insurance is Paid Quickly Avoiding Inheritance Tax
In theory should you need to claim life insurance it should be as simple as filling in a form and receiving the money. Sadly, however, the process is hardly straight forward taking months to complete on average. Couple this with many payouts being classed as taxable under inheritance tax laws, and you could be forgiven […]
5 Tips to Reducing your Tax Bill if you’re a UK Pensioner
British Pensioners contribute around £17.5 Billion a year in tax, which is just over ten percent of all income tax paid in the country. If you are a pensioner you could well be paying more tax than you should. Here are some tips to help you reduce your tax and have a better quality of […]
5 Investment Aspects Mentioned in the Queen’ Speech to Watch
Investment Landscape set to Change With the Conservative Party returning to power with a majority, I look at five areas of investment which will be affected by future legislation and decisions that were outlined in the Queen’s Speech. If you’re in the highest tax bracket you need to read this post. European Union Membership Europe […]