Inheritance Tax
Budget 2026 – Where Do We Go Now?
Budget Day 2026 leaves everyone a little underwhelmed… A Budget can leave households better off on their energy bills while quietly making their savings work harder to stand still. For clients, that is the tangible tension in this year’s announcements. The opportunity is to revisit where wealth is held, how retirement income is drawn and…
Read MoreWhy is Business Relief Important for Company Owners?
Business Relief (BR) is a valuable relief from Inheritance Tax (IHT) for business owners. Reducing IHT charges is something most business owners will be considering, as successive governments continue to let fiscal drag eat away at family legacies. Proactively being aware (of BR) and planning for succession, is important. This, especially when the business owner…
Read MoreIHT and My Pension – What is Going to Happen?
What is Changing? Simply put, IHT will be levied on most DC pensions from 6 April 2027. Right now, they aren’t. What is astonishing is that HMRC have not fully published their guidance on how this will work. This hasn’t stopped people making big decisions about their estates now though. Why would it. In this…
Read MoreTax Me Once, Tax Me Twice
I don’t know about you but quite frankly the ever-constant changing of the tax landscape must be damaging to the country’s confidence to invest for the future. April 2027 is confirmed as one of the biggest shake ups in the way pensions are taxed for some time, arguably since George Osborne and Pension Freedoms in…
Read MoreIHT Planning and Pension Tax Free Cash
Since 2015, pensions have been the best Inheritance Tax planning tool available but, as we all know, the Chancellor is set to change that from 6th April 2027. From 6th April 2027, income tax and IHT will apply to what your beneficiaries take from your pension pot after you die. With all the potential ramifications,…
Read MoreCan you reclaim IHT after stock market falls?
Most of us are aware that IHT is levied based upon the value of the estate at the date of death. Further, IHT needs to be paid before probate is granted and investments can be sold. Bearing in mind the current market volatility, those investments could be worth a lot less now. Paying tax on…
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