HMRX Nets £254m from Inheritance Tax Investigations

Taxpayers are exempt from Inheritance Tax (IHT) if the value of their estate is below a threshold of £325,000, or £650,000 under a joint allowance, or if the estate is left to a spouse, civil partner, a charity or a community amateur sports club. In the wake of massive pandemic-related spending, HMRC netted £254m in

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Consolidating Pensions

Workers nowadays have, on average, 11 jobs during their working lives.  So, it is not uncommon to have built up numerous pensions, which are easy to lose track of overtime. Some might be “Defined Benefit”, also known as Final Salary schemes, which promise a certain level of pension from retirement age, while others – increasingly

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Property or Pension?

Before we begin any discussion, let us be quite clear – both property and pensions can deliver long-term growth, both can be used to fund retirement, and both can play an important role in savings. In the UK, property has long been seen as a good investment, with house prices beating inflation by 3% per

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Is my children’s inheritance protected if I remarry?

It is a sombre thought to think about what happens to your family once you are gone, or what happens should your spouse pass away prematurely.  However, with increasing life expectancy, many more are shunning widowhood and are instead searching for a new partner with which to enjoy a later-life romance. Marriage rates for over-65s

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Will the tax man inherit your Assets?

You have worked hard all your life, built up substantial assets, and simply want to pass these down to your children and grandchildren to give them a helping hand in life once you have gone.  It is a common goal we hear when speaking with clients. However, as with many things in life, it is

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Financial Planning in your 40’s

Finances play a critical role in life throughout.  Many decisions are dictated by the state of our finances, so having good financial planning is one of the most effective tools in achieving the life that you truly want. As we go through life our lifestyles and priorities shift and so do our financial planning requirements. 

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Powerful strategies to maximise your inheritance

Inheritances can provide a real springboard for future generations. They can give much-needed capital to buy property, start businesses, or just assist in improving day to day living. However, it requires specific strategies to be in place to maximise and maintain these funds through the generations. This article looks at the way parents can ensure

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Estate Planning & Coronavirus

Nothing tends to focus the mind like a pandemic.  It puts everything in perspective, and suddenly makes you wonder whether your existing estate planning arrangements are as effective as you originally thought they were?  All in all, a review is in order.  So, what should you be looking out for? These are the main areas

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Trusts set up for people you love

Intergenerational wealth preservation and succession planning are always hot topics when we speak with clients.  The ability to protect your estate for the benefit of your family is always a key planning priority.  Estate planning ensures that no beneficiaries go without, whilst enabling protection from the external factors which impact intergenerational wealth transfer.  That is

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