Inheritance Tax Advice: Our Top Ten Tips
In 2024, after years of rocketing property prices, more people than ever before are being stung by Inheritance Tax. To tackle this, the UK Government has frozen the inheritance tax threshold at £325,000 until 2028. This means that zero inheritance tax (IHT) is paid until the value of an estate (property, belongings and money in […]
Payment of CGT on sale of UK residential property: COVID-19 Update
Payment of CGT on sale of UK residential property: COVID-19 Update With effect from 6 April, a new deadline was imposed for paying CGT following the disposal of UK residential property which does not qualify for main residence relief. Individuals and Trustees have 30 days from completion to pay any CGT due and to […]
SPRING BUDGET | MARCH 2020
Newly appointed Chancellor of the Exchequer, Rishi Sunak, delivered his first Budget on 11 March, against a backdrop of uncertainty following the COVID–19 outbreak and subsequent financial losses. It was the first of two Budgets to be delivered in 2020, with the second to follow in the autumn. COVID–19 AND THE NHS The Chancellor wasted no time in diving into the heart […]
Estate protection
Preserving your wealth and transferring it effectively Estate planning is an important part of wealth management, no matter how much wealth you have built up. It’s the process of making a plan for how your assets will be distributed upon your death or incapacitation. As a nation, we are reluctant to talk about inheritance. Through […]
Tax-efficient investing
Legitimate ways for higher earners to reduce a tax bill Without a carefully developed tax planning strategy, higher-rate taxpayers run the risk of missing out on key tax benefits and paying more in taxes than necessary. A higher tax liability can diminish the value of your investment earnings over the long term. To start with, […]
Life is full of uncertainties
If the worst were to happen, would your bills still get paid? Everyone should consider protection, even those who don’t have a family or a mortgage! Unless they have substantial savings or inherited wealth, most people rely on their salary to pay for everything. Over the years, you may have taken out a number of […]
Financial resolutions – What does wealth look like to you ?
Financial resolutions What does wealth look like to you? Whether it’s stopping smoking, losing weight, eating more healthily or getting fitter, most of us have probably made at least one New Year’s resolution, but how many of us will actually go on to achieve it? We all have different financial goals and aspirations in life, […]
Cultivating the art of patience
Sticking with a long-term commitment to your investments If you want to give your investments the best chance of earning a return, then it’s a good idea to cultivate the art of patience. The best returns tend to come from sticking with a long-term commitment to your investments. The longer you’re prepared to stay invested, the […]
Protection matters
Families face a precarious situation if the worst were to happen Everyone’s circumstances are different, but most people start to think about cover to help protect their family financially once they have children. But research from Scottish Widows [1] reveals that 60% of women in the UK with dependent children have no life cover, leaving […]
