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Tax Break Removed from Termination Payments

19th June 2018

Leaving any role can be difficult but on some occasions a termination payment – paid in the event of dismissal, redundancy or retirement – can help ease the financial impact of a change in circumstances. Until this year if you had worked overseas for a set amount of time... read more

Posted in: News

New Tax Allowance for Those Letting Property

31st May 2018

A new £1,000 allowance for property and trading income came into effect during 2017/18. The allowances are of most benefit to micro-entrepreneurs, such as those with secondary incomes who, for example, let property through sites such as Airbnb and trading via e-marketplaces. The allowance can be claimed against property/trading... read more

Posted in: News

Do I need more than one Will?

23rd May 2018

It would seem that the nature of Will writing does not necessarily accommodate for a globally mobile lifestyle, a lifestyle which is becoming increasingly common and one we help clients to financially negotiate every day. If you own assets in more than one jurisdiction, it can be difficult to... read more

Posted in: Estate Planning

The effect of marriage and divorce on your Will

23rd April 2018

According to latest data from the Office of National Statistics, there were 245,513 marriages and 107,071 divorces in England and Wales in 2017. Given these figures it is useful to consider what happens for the couples who already have Wills in place when their circumstances change. We take a... read more

Posted in: Estate Planning

Common-Law Marriage – Will my Partner Benefit?

14th February 2018

The phrase ‘common-law marriage’ tends to be a familiar one and refers to a situation in which a couple is considered married, without having formally registered their relationship. When considering estate planning though there is a misconception that if you live with someone, your assets will simply pass to your... read more

Posted in: Estate Planning, Inheritance Tax

What can Legacy Giving do for your Tax Bill?

4th December 2017

Who are you going to leave money to in your Will? Your spouse or partner is probably first in line, any children or extended members of the family may pop up here and there too. But what about charity? Thousands of people every year choose to leave a gift... read more

Posted in: Estate Planning

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

Beware the tax trap on interest from April 2016

18th July 2016

From April 2016 UK banks stopped deducting basic rate tax on interest credited to your accounts. At the same time they introduced a savings allowance of £1,000 for basic rate taxpayers and £500 for higher rate taxpayers. For many taxpayers, this simply means that they will no longer need... read more

Posted in: News, Tax

Where have all the people gone?

25th May 2016

The question above is not just a bad line from a post-apocalyptic movie, but more a query about what 2060 might actually look like. There is a lot of talk about longevity in financial planning in connection with planning retirement income, and the long-term care aspects of living into... read more

Posted in: Financial Planning, News