Blog
The Institute for Fiscal Studies (IFS) has published a new report on likely future inheritances. It may give a future Chancellor something to consider The Institute for Fiscal Studies (IFS) has regularly looked at inheritance and inequality. In its latest paper, it has gone into greater detail, drawing on data from a variety of sources:
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One key reason directors are looking at investing money in their businesses is low interest rates. Directors could be increasingly concerned at the poor returns available on deposit accounts. However, despite this, they will have the comfort of knowing the funds will be available when they may be required. In addition to the above There
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Standard Life Aberdeen (SLA) has just published ‘The Class of 2021’. This looked at 2,000 UK adults who were either due to retire in the next 12 months or had retired in the past 12 months. The document contains some interesting hard data alongside some softer marketing material. What stands out? The average retirement was
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Spreading your planning across a number of companies tends to generate mountains of paperwork. It also increases the hassle of getting up to date valuations or putting any changes in place. A Wrap Platform allows you to hold everything in one place. This enables you to quickly understand what you have and what you have
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We have updated our guide to actions that could be taken to minimise taxes here. For our clients, some of the key ones are making full use of the ISA and Pension allowances. The only thing we would advise against doing now is disturbing invested assets to make use of these allowances. An example of
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You can save as much as you want into your pension subject to certain limits. One of these is the Lifetime Allowance (LTA) and exceeding it can cause tax charges. What is the lifetime allowance? If the value of your pension exceeds the LTA, you will pay a tax charge, known as the Lifetime Allowance
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Equity markets have had a much quieter first three months in 2021 than they did last year. The FTSE 100 appears to remain a laggard, but that ignores the recent strength of sterling. Similarly, the standout 10.3% rise of the Euro Stoxx 50 drops to 2.1% when we factor in the decline in the Euro.
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If a trust might generate taxable income or gains, HMRC required the trustees to register it with them. They did this using paper Form 41G (Trust). This was not the case where the trust would not generate any taxable income or gains. An example of this is where a trust holds an investment bond. What
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The Budget announced corporation tax rates will increase from 1 April 2023. The current understanding of the change, as set out in HMRC’s policy paper, is that: The existing 19% rate will continue to apply to companies with profits of up to £50,000, subject to associated companies’ rules (This will not apply to close investment-holding
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In the March 2021 Spring Budget, the Chancellor confirmed that the Lifetime Allowance (LTA) will be frozen at £1,073,100 until April 2026. The LTA was planned to increase by CPI each year as it has done since 2018/2019. The annual increases now won’t take place until at least April 2026. The change has little immediate
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