Can a Trust Help You?

16th May 2017

There are few taxes more unpopular than Inheritance Tax. A poll by the financial website, loveMONEY last year found that an incredible 90% of Brits believe it is unfair. However, there are a number of perfectly legitimate ways to reduce the amount of tax your estate will have to... read more

Posted in: Estate Planning

Is One Lasting Power of Attorney Enough?

2nd May 2017

How we look after older people requiring care is at the top of the national agenda at the moment, as the Government grapples with the care funding crisis. More people than ever before need care in their old age, with dementia a growing problem. According to the Alzheimer’s Society,... read more

Posted in: Estate Planning

Updated Inheritance Tax Guide

19th April 2017

Introducing our new Inheritance Tax Guide. In 2015-2016 over £4.7 billion was paid to the UK Government in Inheritance Tax (IHT) revenues. Prior planning and preparation can significantly reduce the amount you pay. We have created an easy-to-follow guide to help you understand and reduce Inheritance Tax, and help... read more

Posted in: Financial Planning, Inheritance Tax, News

Before You Forget…

14th March 2017

Considering what will happen if you or your partner becomes unable to make decisions for themselves due to old-age memory issues or dementia can be an uncomfortable thought: At breakfast this morning, a woman said to her husband: “My memory is getting really poor, I went upstairs yesterday to... read more

Posted in: Estate Planning

Should I be Trusting?

There are many positives to creating a trust. They can help you reduce your tax burden and protect your intended beneficiaries. However, there are many different types of trust and understanding the differences between them will help you establish which is right for your circumstances. Discretionary trust With a... read more

Posted in: Estate Planning

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