Six New Year’s financial resolutions for those approaching retirement
What New Year’s financial resolutions will you make this year? As the new year approaches, it’s the perfect time to reassess your financial goals, especially if you’re nearing retirement. With careful planning and a few strategic adjustments, you can ensure a secure and fulfilling retirement. Here are six essential financial resolutions to consider as you […]
Financial planning mistakes to avoid: How Uncle Stephen helped Andrew
How to avoid costly financial planning mistakes Andrew had just left university, filled with excitement about starting his career and looking toward a bright financial future. But as he sat down with his Uncle Stephen, he realised that he needed some guidance to navigate the next stage of his life. Uncle Stephen, known for his […]
Aunty Barbara and the case of Anna’s lost pensions
How to find a lost pension Aunty Barbara had a knack for solving problems, and when her niece, Anna, came to her feeling lost about her retirement plans, Aunty Barbara knew just how to help. Anna, now in her 30s, had started thinking seriously about her future. She wanted to know how she could retire […]
Do I need an inheritance tax adviser?
Reasons you may need an inheritance tax adviser Inheritance tax must be one of the most unpopular taxes. You work all your life to build up property and other assets paying tax while you do so. And then when you die, the tax man wants a further slice, and a rather large slice at that! […]
Budget 2024: Changes to business property & agricultural relief
Are you impacted by the changes to business property & agricultural relief? The 2024 Budget has introduced sweeping changes to inheritance tax (IHT) reliefs, particularly affecting how agricultural and business assets are passed down through generations. With new caps on agricultural property relief and business property relief, understanding these changes is important for effective estate […]
Pensions & inheritance tax changes in the Budget: How are you impacted?
Changes to pensions & inheritance tax in the Budget A major change is coming to how pensions and inheritance tax (IHT) work together. The chancellor, Rachel Reeves announced in the Budget 2024, pensions would no longer be excluded from your estate and are, therefore, subject to IHT. Until now, many families have used pensions as […]
Will the inheritance tax threshold freeze impact you?
Inheritance tax threshold frozen until 2030 Nobody likes paying taxes, but inheritance tax (IHT) tends to spark a particular frustration. After all, you earn, invest and save all your life. You wish to provide a solid financial base for your family after you pass and then, you get taxed when you die. With the government […]
Budget 2024: Changes to inheritance tax
How do the changes to inheritance tax impact you? In the Autumn Budget of October 2024, Chancellor Rachel Reeves announced substantial reforms to the UK’s inheritance tax (IHT) laws. To summarise, these changes are designed to increase revenue from wealthier estates. Consequently, the changes to IHT could push more individuals into the taxable bracket, especially […]
Budget 2024: IHT, pensions, wealth taxes & personal finances
Budget 2024 at a glance: Capital gains, inheritance tax, pensions, & businesses Today, Chancellor Rachel Reeves delivered Labour’s first Budget since 2010. Prior to any public announcement, the Budget 2024 has been widely regarded as potentially the most significant in recent times. In summary, the government is focusing on a number of tax rises intended […]
The four most tax-efficient ways to save & invest money in the UK
A guide to the most tax-efficient investments & savings Whether you’re looking to start saving or have savings already, you’ll probably want to avoid your hard-earned gains falling into the hands of the taxman. Today’s article covers four proven and fully legal tax-efficient ways to save and invest your money in the UK. Related reading […]
