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...
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...
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...
Inheritance Tax. Variously called the “voluntary tax” and much derided by many. I often hear ordinary people say, “I’ve paid tax all my life, why should I pay it again?” For many people, preparing to mitigate against Inheritance Tax (legally of course) it can be a...
The Conservative Party have long promised to increase the threshold for Inheritance Tax (IHT) and indeed have announced that the nil rate band for a married couple will rise to £1 million come the tax year 2020/21. But is it really as a good as it...
