A financial planner can offer valuable expertise that goes beyond just recommending financial products. This expertise can help business owners make the most of their money both in and out of their business. Let’s look at a few ways a financial planner can provide significant value. Maximising Pensions Some may be aware that when a
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When it comes to inheritance tax (IHT) planning, term assurance can be a game-changer. This life insurance product pays a lump sum if the insured person passes away during the set term. If they outlive the policy, there’s no payout. So, why consider term assurance? Affordable Family Protection Term life insurance is often the most
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How you handle your finances today might be connected to your childhood experiences. Most parents understand how important it is to teach kids about money. Nearly all parents believe that teaching personal finance to 8 to 13-year-olds would help them understand the value of money better. However, they may be starting this important education a
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In the 2021/22 tax year, the government collected £5.99 billion in Inheritance Tax (IHT), the highest amount ever recorded. This represents a 4% increase from the previous year. The rise has been attributed to various factors, including higher asset values such as property and investments. Additionally, more estates are now subject to IHT due to
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After 14 years of Conservative rule in the UK, Labour took over in July. There have been questions about potential changes to taxes since then. Labour has ruled out increasing income tax, national insurance contributions (NICs), and VAT, but they haven’t said anything about pensions, Capital Gains Tax, and inheritance tax (IHT). On the Monday
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