When it comes to taxes, not even death stops the taxman from collecting. Once seen as tax targeting the rich, rising house prices have dragged thousands more into the IHT net, leading to a record £5.2bn haul for HMRC in 2017/2018. With inheritance tax advanced planning could save you up to 40%. If you are…
UK Inheritance tax (IHT) is the tax which is paid on an estate when the owner of that estate dies. Depending on certain criteria, the tax may also be payable on gifts or trusts made during that person’s life. Typically, UK Inheritance Tax is paid by the executor using funds from the estate of the deceased….
The UK is finally moving away from a decade of austerity, as the 2020 spring budget has seen spending soar across many different sectors. The newly appointed chancellor, Rishi Sunak, spent a large part of his speech targeting the current and future impact of the coronavirus and how the government could help people affected. But the…
Companies could slash UK pension promises to 11 million employees, potentially knocking thousands of pounds off the incomes of people in retirement, if proposals in a government consultation paper are approved. Unions are likely to react furiously to the proposals, which would allow companies to save £90bn by providing annual increases in their retired employees’…
Property Development Loans – From UK Expat Pension Reviews Property Development Finance and Property Development Loans are short-term funding options, used to develop either an existing building, i.e. refurbishment, conversion, or a new build development. They can also be for residential houses, shops, offices, industrial buildings. It can be for investment purposes or owner occupied. Development…
Compared to the drama of the previous week, markets were restrained, as US earnings settled nerves. The disruptor has been disrupted. Sears, Roebuck and Company was founded in 1892, selling a huge range of products by mail order: bicycles, sewing machines, cars, then fridges, groceries and cooking stoves too. In short, Sears provided ordinary consumers…
When you start saving for the future can often come well down the list of financial priorities, behind paying off debts, paying a mortgage and financing a child’s education. However, the longer you put it off, the more you’ll miss out on the power of compounding returns. Einstein reportedly stated: “Compound interest is the eighth…
Millions of over-55s are potentially forgoing expert help because it involves discussing their own mortality. Talking about death is rarely easy. Nevertheless, the importance of preparing for the end of life cannot be overestimated, and having a financial plan in place ensures that your family isn’t subjected to additional stress and upset at a difficult…
With just months to go until the UK leaves the European Union, how can exporters plan ahead? The odds of no Brexit deal being reached before the UK’s scheduled exit at the end of March is now below evens, according to several leading betting agencies. For UK exporters, such an outcome significantly raises the significance…