Paying for the welfare and education of your children is expensive. However, until you spend the money it stays part of your estate for IHT purposes. Is there a more IHT-efficient alternative to
provide funding?
Published 19.05.2016
Giving away your wealth to members of your family reduces your estate for inheritance tax purposes, but only after seven years. However, it’s possible to achieve the same result without the wait.
What steps do you need to take?
Published 27.11.2019
Drawing up a will is a sensible step to look after your spouse and children’s financial wellbeing after you’ve gone. But at the same time you’ll want to avoid handing over a large chunk of your
wealth to the Taxman. Can a will trust help?
Published 13.10.2010
Naturally, when you draw up your will you’ll want to do it in the most inheritance tax-efficient way, and allocating your assets to the right person is vital. With this in mind what’s the best
strategy for passing on the family business?
Published 12.06.2014
Your adult child is struggling with money and has come to you to for help. You’ve been paying some of their household bills until they get back on their feet. What tax consequences do you and your
child need to consider?
Published 08.06.2020
Naturally, you’ll want to pass your wealth on to your kids, but simply piling money into savings while they are under 18 comes with nasty tax consequences. Conversely, one type of gift actually comes
with tax perks; what is it?
Published 02.10.2013
In a little over a month the 2011/12 tax year ends and some Inheritance Tax (IHT) exemptions will be lost if you haven’t used them by then. What are these, and what steps can you take to ensure you
get the most out of them?
Published 24.02.2012
All the advantages of your highly efficient estate planning could be lost if young beneficiaries die prematurely. This major pitfall is often overlooked; what steps can you take to avoid it?
Published 02.09.2010
Apart from your house, the most valuable asset in your estate is likely to be your pension fund. This will almost certainly include a death benefit to look after your family. But how can you stop the
Taxman from getting his hands on it?
Published 15.05.2009
Pension funds provide cash for retirement; they can also offer a lump sum for your spouse when you die. This will be taxed at 55% and the balance can also be hit later for yet more tax. What steps
can you take to avoid this double charge?
Published 03.11.2011