Changes to the Tax Treatment of Non-Domiciles

30th January 2017

New Tax Rules for UK Non-Domiciles are to come into effect from 6 April 2017. Draft legislation on most of the changes has been included in the Finance Bill 2017 which was published on 5 December 2016. There have been some changes since the previous proposals, in particular the... read more

Posted in: Capital Gains Tax, News, Tax

Attention Anyone Living in Scotland

20th December 2016

Those living in Scotland face higher tax bills The Scottish Parliament announced their budget for the 2017/18 tax year on 15 December 2016. Rather surprisingly they have decided to subject Scottish taxpayers to a higher tax bill than those in the rest of the UK. For anyone living in... read more

Posted in: News, Tax

Running the Risk!

6th December 2016

According to data from the Institute of Financial Accountants and solicitor search engine, Prudential and Unbiased.co.uk, 59% of adults have yet to complete a Will. The information gathered suggests that the older age groups (over 55) saw a drop of 6% in Will completion compared to last year. Those... read more

Posted in: Estate Planning

Understanding and Reducing Inheritance Tax

1st December 2016

£4.6 billion was paid in Inheritance Tax revenues last year, and by 2020 one in 10 estates could be charged Inheritance Tax. Inheritance Tax is charged on your estate when you die, at a flat rate of 40%. With the current threshold sitting at £325,000 a great many people... read more

Posted in: Inheritance Tax, Tax

Probate Fraud – Money, Misuse and Manipulation

In a situation as sensitive as probate, committing fraud may seem almost incomprehensible.  This does not, however, mean that it does not occur, with some individuals abandoning any consideration for the bereaved and committing fraud in regards to the assets of the deceased. By taking advantage of the dead... read more

Posted in: Estate Planning, News

Old Heads on Young Shoulders

9th November 2016

Thinking about Lasting Powers of Attorneys (LPAs) is not just something older people need to do – everyone should consider writing them. To put it simply, writing a Will and an LPA is not top of anyone’s to do list – it is not even at the bottom.  But... read more

Posted in: Estate Planning

Deferring to a Better Pension

8th November 2016

Pension planning must be a flexible process – changes in legislation and retirement ages means it is important to constantly review and reassess the best course of action. Tricks of the trade can help too, and a little known method in which to boost retirement income is through the... read more

Posted in: Financial Planning, News, Pensions

Awards Success

13th October 2016

We are delighted and very proud to announce that The Fry Group has been recognised in a number of recent awards ceremonies this Autumn. Our Hong Kong office was the recipient of two awards at the inaugural International Adviser Best Practice Awards 2016, one of which was the prestigious... read more

Posted in: Financial Planning, News

Beware of fraudulent ‘HMRC’ telephone calls

4th October 2016

We have recently become aware of the evolution of a new fraud attempt whereby someone is calling and pretending to be from HMRC’s Debt Department, stating that they will shortly be commencing legal action and that you should ‘press 1’ to speak to a case worker.  This is a... read more

Posted in: News, Tax

Shining a spotlight on a Lasting Power of Attorney                                                                              

23rd August 2016

The need for people to have a Lasting Power of Attorney (LPA) is growing each year. In June, world champion Formula One driver Sir Jackie Stewart announced that his wife Lady Helen Stewart is suffering from dementia. Whilst he believes it is too late to help Lady Helen, he... read more

Posted in: Estate Planning, News