An unsent text message has been accepted as an official Will by an Australian court. A 55-year-old man composed the message addressed to his brother, in which he gave “all that I have” to his brother and nephew. It was accepted as a last Will and testament in a Brisbane court despite not being sent.
Important changes to the rules regarding Inheritance Tax come in to effect from April 2017 with the introduction of the Residence Nil Rate Band, which means that £1m, could fall outside a couple’s estate. For many local residents, this could mean that their main residence falls outside the scope of this pernicious tax. However, the many
As you will have noticed, a new polymer £10 note has been introduced by the Bank of England and early editions are expected to be particularly valuable. Collectors and eagle-eyed members of the public have been hunting for early editions, particularly for serial numbers beginning with AA. The first note – AA01 000001 is traditionally
Monarch has become the biggest UK airline to cease trading, leaving over 2,500 staff and thousands more holidaymakers worrying about what lies ahead. KPMG placed the airline into administration and all further flights were cancelled with immediate effect. The airline’s future had been in doubt for a number of years and the news came as little
We are delighted to welcome Tom Longworth to the Foresight team as a Trainee Client Manager. Tom has recently finished his Mathematics Degree at Durham University and is fitting in well with the Foresight Team.
The Bank of England (BoE) Monetary Policy Committee once again left interest rates on hold at 0.25% at its’ September meeting. Although widely expected by the markets the vote was not as close as previously, the central bank’s subsequent commentary appearing to be on the hawkish side, intimating interest rate rises in the near future.
With longer life expectancies and better health, there is no longer a cut-off point at which you retire. For many, the prospect of retirement evokes images of doing exactly what they want and deservedly so after 40-odd years of working life. However, for some that ‘new chapter’ in life is one road that they are
Important changes to the rules regarding Inheritance Tax come in to effect from April 2017 with the introduction of the Residence Nil Rate Band, which means that £1m, could fall outside a couple’s estate. For many local residents, this could mean that their main residence falls outside the scope of this pernicious tax. However, the many
The Office for National Statistics recently reported that the Consumer Price Index (CPI) fell to 2.6% from its previous four year high of 2.9%. Bank of England policymakers and economists have debated over whether the spike in inflation should be the catalyst for the Bank Of England Monetary Policy Committee (MPC) to start tightening fiscal
The Law Commission is looking to overhaul inheritance tax laws. Part of which could soon mean that (in certain circumstances) you are able to leave your final wishes by voicemail or even text message. Around 40% of people die Intestate (without a Will) which often results in complex tax positions and increases the potential for
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