RSS Feed


London and South East pays majority of UK inheritance tax

Estates liable for inheritance tax in the UK in 2010-2011 faced a bill of nearly £166,000 on average, according to new analysis of HMRC data by Prudential.

Don’t forget to spend after you’ve saved

After a lifetime of saving for their future and with rising long-term care costs, it is not surprising that many reach retirement and continue to focus on protecting their finances, instead of enjoying their money.

Rising house prices make Inheritance Tax planning a necessity

With over 20,000 families losing £3.1 billion in Inheritance Tax (IHT) in 2012/13, Chartered IFA - The Private Office – has written a free guide offering 10 steps to help mitigate or even eliminate your Inheritance Tax bill.

Brits still expect hefty £78k inheritance from parents

Brits still expect hefty £78k inheritance from parents

The majority of Brits ‘expect’ to receive inheritance from their parents – but in reality four in 10 won’t get a penny, according to new research.

Tax tribunal case could spell bad news for holiday home owners

A Bristol tax specialist has warned that a judgement of the Upper Tax Tribunal could spell bad news for holiday home owners in relation to their Inheritance Tax (IHT) liabilities.

Over half of UK adults don't have a will, the professional advice website, has announced the launch of its annual ‘Write a Will Week', beginning on Monday, 22 October, in partnership with Octopus Investments ("Octopus").

Life insurance and inheritance tax planning's annual Tax Action Report reveals UK taxpayers will waste £448 million this year due to poor inheritance tax (IHT) planning when it comes to their life insurance policies.

Charity donations reducing IHT bill

Julie Hutchison's (head of technical insight at Standard Life) response to the change in IHT by HMRC, which details that from 6 April if you leave ten per cent of your estate to charity the tax due may be paid at a reduced rate of 36 per cent instead of 40 per cent.

Flexible income route can reduce inheritance tax bill for pensioners

People who are eligible for flexible income drawdown on their pension savings can use the scheme to significantly reduce their inheritance tax liabilities, according to investment specialist Skandia.

UK inheritance to peak in 2047

£1.1 trillion will be left to beneficiaries by 2047, the peak of leaving an inheritance, reveals a new report by HSBC.

One in five Brits have already received inheritance

Researchers discovered millions of young adults, dubbed NINNIs - or ‘Need It Now, Not as Inheritance' - have gone cap in hand to mum and dad for an advance on their legacy.

Brits turn to the net for estate planning

Britons are turning towards the internet for advice on estate planning, according to research by Standard Life.

Brits without a Will in the world

More than half (51%) of British adults don't have a Will drawn up, according to research by Standard Life.

ICAEW highlights tax benefits of wedding gifts

With Royal Wedding fever sweeping the nation, many individuals and businesses will be thinking about wedding gifts for the forthcoming wedding ‘season'.

Inheritance tax is Britain's second biggest tax waste area's annual Tax Action Report reveals that UK taxpayers will waste nearly £1.3 billion this year due to poor inheritance tax (IHT) planning. This tax wastage is only set to increase further in the future after the chancellor announced in 2010 that the threshold would remain frozen for four years at £325,000 rather than rising in line with inflation.