Examining the complexities of multi-jurisdictional planning
Work through a real-life case study involving a complicated multi-jurisdictional scenario
IHT
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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
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6 key points about pensions tax relief
How the UK Government is encouraging people to save for their retirement
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Old Mutual calls on gov’t to scrap the residence nil-rate band
Tax and financial planning expert suggests several key changes to the UK inheritance tax regime
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Rich using life insurance to protect against inheritance tax
Life insurance can play a vital role helping wealthy international UK residential property owners protect themselves against future inheritance tax (IHT) bills, according to lawyers Howard Kennedy.
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Pension transfers hit record £10.6bn in first quarter
The belief that UK pension transfers peaked in 2017 has been proven wrong as figures from the UK’s Office for National Statistics (ONS) show £10.6bn flowed out of defined benefit schemes in the first quarter of 2018.
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Top 5 tips for reducing your IHT bill
With HM Revenue & Customs’ take from inheritance tax climbing steadily, Canaccord’s head of wealth planning gives his top five measures to mitigate its effect.
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Calling all advisers who battle IHT complexity
Advisers battling the complexity of the UK’s inheritance tax are being asked to contact the government’s Office for Tax Simplification.