‘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’
IHT
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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.
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Sanlam launches inheritance tax mitigation service
Sanlam UK has launched an inheritance tax service that enables clients to mitigate liabilities and generate long-term growth by investing in smaller companies on the Alternative Investment Market.
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UK inheritance tax receipts reach record £5.2bn
The UK government hauled in £5.2bn ($7.2bn, €5.9bn) of inheritance tax receipts during the 2017/18 tax year, a figure 8% higher than the previous year.
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End of tax year – one day left!
Investors and savers have just one day left to take advantage of the current tax exemptions and benefits before new rules come into force in the UK on 6 April.
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Could Dodd’s marriage trigger an IHT review?
The marriage of late comedian Ken Dodd to his long-term partner, and the fact that HM Revenue & Customs lost out on nearly £3m ($4.2m, €3.4m) as a result, has prompted questions about the timing of financial planning, especially so-called “deathbed planning”.