Home Tags Estate planning

Tag: estate planning

What Happens To Your QROPS When You Die?

What happens to any money left in a QROPS pension when you die is an important question for many expats. QROPS are offshore pensions for...

Over 55s Need £184,000 For A Comfortable Retirement

Inheriting cash is a big disappointment for the over 55s, who say that they need £184,000 to comfortably live out their lives but are...
inheritance

IHT Is Too Complicated, Say Tax Gurus

Tax experts are recommending ministers to take action to simplify inheritance tax rules. The Office of Tax Simplification, an independent government agency looking at how...
inheritance

Family At War Over Who Inherits £300,000 Home

A family is at war over a £300,000 legal battle in a bid to win the home of their parents who tragically died from...
trust

What Is A Trust And Do You Need One?

Solicitors often talk about leaving property or money in trust for your loved ones when you die, but what does this mean and should...
Inheritance tax

IHT Pension Tax Case Goes To Supreme Court

A long-running court battle over how inheritance tax rules apply to pension transfers will now be decided in the Supreme Court. HM Revenue & Customs...
inheritance

Grieving Families Pay Record £5.6 Billion Inheritance Tax

Families have paid a record £5.6 billion inheritance tax despite the government increasing tax breaks. In the 2018-19 tax year, the IHT tax take increased...

Talking About Your Death Is The Last Taboo

Millions of people who have drafted a will refuse to talk about the details with their loved ones, according to new research. While document is...
inheritance

What Tax Do You Pay If You Inherit Property?

Tax can be confusing, which is why so many people worry about tax they might have to pay on gifts left to them by...

Writing Your Loved Ones A ‘When I’m Gone’ List

Bereavement is a tough topic for people to discuss with their loved ones - but if your partner who looks after the finances dies,...

Inheritance Tax Jargon explained

Inheritance tax is ensnaring more people than ever due to ever increasing house prices. The tax man has revealed record IHT takings in the year...

Gifts Gone Wrong Raise Millions For Tax Man

You would think giving stuff away is easy - but if you want to gift your home to loved ones, the tax man will...

Do Foreign Spouses Inherit Expat Pensions?

A question expats married to a foreign spouses often ask is if their partners will inherit their UK pensions should they die before them. Expats...

Cost Of Dying Set To Soar For Wealthy Families

A new stealth tax on families passing wealth across the generations will start to bite from April 2019. That’s the date when the cost of...
trust

Taxman To Tackle Wealthy Families With Trusts

Wealthy taxpayers who rely on trusts to avoid paying tax on their fortunes could come under attack from HM Revenue & Customs. The tax authority...

The Silly Mistakes That Invalidate A Will

A slip of the pen can lead to little mistakes in a will that make the terms invalid. Making sure you have a valid an...

Experts Want To Know What Families Think About Paying IHT

Experts charged with overhauling the rules over how inheritance tax is charged have issued a plea for help. They want families and professionals who have...
inheritance

Only A Third Of Over 55s Planning For IHT

Only one in three over 55s approaching retirement who take advice from an IFA have considered inheritance planning, according to research. The findings suggest not...

Chancellor Orders Tax Experts To Check Out IHT

British Chancellor of the Exchequer Phillip Hammond has ordered tax experts to carry out a review of how inheritance tax rules are working. In a...
Inheritance tax

Complex IHT Rules Spark Advice Boom For IFAs

Inheritance advice is one of the hot financial topics for IFAs and their clients but few advisers want to offer a service without the...