QROPS List – September 1, 2020
10 new offshore QROPS have opened since the last list was published on August 18. Seven QROPS were opened in Australia, with one added in
HMRC Takes Long-Running IHT Case To Supreme Court
Retirement savers who transfer a pension for health reasons should not be charged inheritance tax, has reached the Supreme Court. The judges will rule if
Who gets what if a British Expat dies without a Will?
If an expat dies without a will, any estate is split according to the rules of intestacy – which means the person someone wants to
Flamboyant Funerals Push Up The Cost Of Dying
Funerals are becoming a lot more flamboyant – pushing up the price of a burial or cremation by more than £2,000 in a year. With
How To Give Cash To Grandchildren And Minimise Tax
Kind-hearted grandparents are keen to find ways to help their grandchildren financially. Their plans range from gifting property and large sums of money to tax
Huge Rise In Probate Fees Scrapped By Justice Minister
The government has scrapped a controversial move to put up probate fees that would have seen wealthy families paying thousands of pounds to administer a
Tax Man Grabs A Record £5.4 Billion From Families Paying IHT
The number of families paying death duties has reached a new high – although who pays most depends on their postcode, according to official statistics.
Expat Wills
If you are an expat and want to make sure your wealth goes to the people and causes you love and care about, then making
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 likely
Claiming An IHT Refund As House Prices Fall
London house prices have dropped so much in value over the past year that anyone who has inherited a property may be due an 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
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 exposure
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 you
Parents’ Spare Cash Can Boost Their Children’s Pensions
Wealthy parents with cash to spare can boost the retirement prospects of their children by paying into their pensions. Current pension rules do not stop
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
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
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 someone
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, do