The Fry Group announced Global Adviser for the second consecutive year

8th October 2018

The Fry Group has been recognised with a number of awards including the prestigious International Investment award for Global Best Practice in the Financial Advisory/Wealth Management category. The award has been designed to recognise leading wealth management firms from around the world, and joins our Global Adviser award presented... read more

Posted in: News

Tax Filing: from Fines to Points

11th September 2018

Amongst many other propositions, the draft UK Finance Bill published on 6th July 2018 details plans for a shake-up of the existing tax penalty system for late payments of tax. The proposed new system will consist of points-based penalties as opposed to just fining, with points accumulating to trigger... read more

Posted in: Tax

UK Tax Reform: A Breakdown

5th September 2018

April 2017 saw a barrage of UK tax rules take force, including a clamp-down on the number of years resident non-domicile status can be claimed, and harsher, more regulated treatment on selected offshore arrangements which were often used to avoid encountering Inheritance Tax (IHT). As you will see from... read more

Posted in: Inheritance Tax, Tax

Letting a UK property? An Update on Property Tax…

2nd September 2018

There have been a number of developments for those letting UK property with new approaches to deadlines when paying Capital Gains Tax, a proposed extension on the time limit for investigating those with offshore funds and restrictions on Rent-a-Room relief. Deadlines for Payment of Capital Gains Tax (CGT) From April... read more

Posted in: Capital Gains Tax, Tax

Unclaimed UK Estates May Total Billions

15th August 2018

According to the latest figures from the UK Government, there are currently 9,254 unclaimed estates in the UK. With the average value of an estate worth around £150,000, the amount of this unclaimed inheritance could total billions. Sadly this situation means that property, money, personal belongings and other assets... read more

Posted in: Estate Planning

Inheritance Tax Revenue Breaks £5 Billion

13th August 2018

UK Inheritance Tax (IHT) revenues have broken the £5 billion mark, totalling a hefty £5.2 billion this year, up from a £4.7 billion last year. With an ageing population, increasing property values and fairly static allowances IHT revenues look set to grow and grow. Within the latest government report,... read more

Posted in: Estate Planning, Inheritance Tax

The Importance of Later Life Planning

8th August 2018

Whilst Lasting Powers of Attorney (LPA) are rising in popularity, latest figures show that fewer than 1 in 10 adults have drawn up one of these important documents. An LPA is one of the best ways to protect yourself and your wishes, should you become unable to make financial... read more

Posted in: Estate Planning

Understanding the role of a personal representative

27th June 2018

As you may be aware, the importance of appointing the right personal representatives of an estate reign high in order for wishes contained in the deceased’s Will to be fulfilled as smoothly as possible. However, merely granting someone as your personal representative should not be a tick-box exercise, but... read more

Posted in: Estate Planning, News

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

Deferring a State Pension

18th June 2018

Until recently it was possible to defer a State Pension in favour of a lump sum. However from 6 April 2016 this option is no longer possible, although the pension can be deferred in exchange of an increased regular State Pension at a later date. If you chose to... read more

Posted in: News, Pensions