Poor pension freedom knowledge opens door for advisers
Firms could ‘reap rewards’ if they endorse inheritance tax incentives to new prospects
IHT
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Top international queries from financial advisers
Inheritance tax, property trusts, moving abroad and chargeable gains questions are among the most common
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Beneficiaries in ‘dark’ over IHT liability issues
Prudential UK surveyed over 900 financial advisers and found clients are unaware of IHT exemptions
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IHT and wealth firmly in taxman’s crosshairs
Inheritance and capital gains tax receipts rising at faster pace than income and spending revenues
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Brits perplexed by property inheritance tax
Alarm raised over ‘IHT ignorance’, with little indication this will improve ‘any time soon’
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Lack of financial advice causing legal headaches
Bad IHT planning can lead to unnecessary tax charges, family disputes and legal costs
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Examining the complexities of multi-jurisdictional planning
Work through a real-life case study involving a complicated multi-jurisdictional scenario
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Most UK advisers unsure on correct usage of nil rate band
Canada Life found 93% of advisers need guidance on how to use the transferable nil rate band
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UK wealthy pay less IHT than average person, review finds
Government review recommends digitalisation and de-bureaucratisation of the inheritance tax (IHT) system
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UK hikes ‘death taxes’ with new probate system
Probate fees capped at 0.5% and threshold raised to £50,000, however, industry remains sceptical
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‘Bizarre’ court ruling nets UK taxman £300,000 in IHT case
Ruling leaves ‘a complex, nonsensical web of rules which risk layering on extra worry for beneficiaries’
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Clients ‘in the dark’ after tax-planning firm closes
Universal Wealth Management advised clients to transfer assets to trusts to avoid care home fees