Being tax efficient around Inheritance Tax is something that investors should consider and plan out in advance. UK families have paid an extra £600 million in death duties after missing out on tax reliefs? The Government were expected to have raised £6.7 billion in 2022 from Inheritance Tax. Inheritance Tax Inheritance Tax is a tax...Read More

In general parents tend to have less resilience than their child-less counterparts when it comes to everything from savings and debt, to how much surplus cash is left over at the end of the month. This isn’t just the case for lower earners, higher earning parents also have some gaps too. Government Help You won’t...Read More

Pensions can usually be passed on to your loved ones free from inheritance tax (IHT). Now that there is effectively no limit on the overall amount of money you can tax-efficiently build up in pensions over your lifetime, revisiting your estate plan could allow you to make a more meaningful difference to your children or grandchildren’s financial future. ...Read More

Men born after 5 April 1951 and women born after 5 April 1953 are able to buy extra National Insurance years to top up their State Pensions. If you are eligible, you may be able to make up for gaps between tax years April 2006 and April 2016  – this needs to be done before 31st...Read More

New research has found that over a third (37%) of those aged 18 to 34 either have, or think they will need to, ask for financial help to deal with the current cost-of-living in the UK. Generations Rather than 20-and-30-somethings going online, or seeking help from famous TV personalities such as Martin Lewis – research...Read More

Jeremy Hunt has made some significant changes to pensions in his spring budget yesterday. The changes bring the wind back into the sales of high earners who’ve pulled away from contributing somewhat so as not to exceed lifetime allowance. The changes are below: Lifetime Allowance The lifetime allowance itself is set to be abolished from April 2024,...Read More

China has prompted hopes of a broader economic boost to the region. China is a big consumer of hard commodities and this should help support Asian and emerging stock markets. While China’s re-opening has been grabbing all of the headlines at the start of the year, an old familiar story is still lurking in the...Read More

It’s a common misconception that if you’re a member of a workplace pension scheme, your pension contributions will automatically increase in line with your pay rise. But this isn’t always the case. How They Work Some employers base contributions on a percentage of your total salary, which means the amount you pay into your pension...Read More

Basic-rate tax relief is collected automatically, but if you’re a high earner you will need to claim your extra tax relief through self-assessment. You can claim tax relief for the last four tax years which can have a huge impact on how much you end up with in retirement. You can also let HMRC know...Read More

January is a great time to review your finances and make sure everything is running smoothly. With high inflation and taxes on the rise, the changes you make today could have a significant impact on the health of your finances in this year and beyond. Here are some financial resolutions that could help you commence...Read More