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Retirement


Do You Have A Business will?

For business owners, the opportunity to continue their legacy after death is a major issue both from the point of view of preserving assets which they have built up and the emotional attachment to their company. Having a business interest or shares has a real impact on how you should organise your estate planning. We […]

Read more January 28th, 2020

Gifts Out Of Surplus Income

Inheritance tax only applies to gifts of capital. There is currently a very generous exemption from inheritance tax for regular gifts out of income. In order to qualify for the exemption it is important to set up regular transfers. You must also be able to prove that after the regular gifts you are left with […]

Read more January 9th, 2020

2015/16 Pension Annual Allowance Lapses On 5 April 2019

To utilize the 2015/16 unused relief any additional pension savings would need to be paid to the pension fund by 5 April 2019, otherwise, the relief from 2015/16 will lapse. Note however that for some taxpayers the method of calculating unused relief for 2015/16 is extremely complicated as the government changed the pension rules part […]

Read more September 12th, 2018

Inheritance Tax Planning Using The New Lifetime ISA

The 2016 Budget announced a new “Lifetime ISA” that will be available to those aged between 18 and 40 from 6 April 2017. The Government will add 25% to the amount saved subject to a maximum of £4,000 a year (plus £1,000 from the Government). It seems there will be no requirement that the savings […]

Read more May 11th, 2016