Tax Planning
This is where we will keep you up to date regarding Tax Planning.
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The New Business Relief Rules: What Do I Need To Know?
From April 2026 the government is introducing a new limit of £1 million per person of Business Relief. Business Relief is valuable as it exempts business assets from inheritance tax (IHT). Anything over that…
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Can I Reduce My Tax By Giving To Charity?
In 2009, when the then chancellor Alistair Darling introduced a 50% income rate for those earning over £150,000 it broke one of our clients. In his view if the government was going to take…
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Protect The Kids
When working with clients in their 20s and 30s, one of the most important advice needs they have is for human protection (life cover, critical illness insurance and income protection). When you are that…
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Does My Inheritance Tax Taper?
Most people we speak to, that understand the basics of inheritance tax, think that when they make a gift, the inheritance tax payable reduces over time. Tapering down after the first three years and…
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Should I Set-Up My Own Charitable Trust?
Many clients gift money to charity regularly and some leave legacies to charity in their wills. There is in fact a handy tax benefit to leaving money to charity in your will. If you…
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The Problem With Probate
I have recently had to handle my first probate as executor for someone whose estate was liable to inheritance tax. Despite having all the knowledge of what is involved, I wasn’t prepared for the…
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Should I Buy My Adult Child a Lifetime ISA?
Lifetime ISAs are only available to people between the ages of 18 and 40. Unlike standard ISAs, LISAs come with a HMRC top-up. If you invest £4,000, the tax man will add £1,000 to…
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The Best Investment You Can Make – State Pension Top-Ups
The state pension is rapidly becoming a very nice bedrock income for retirement (we dealt with the issues here). On track to be £12,000 per year, a married couple can enjoy £2,000 per month…
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Are VCTs a Good Idea?
If you are a high earner, it is likely that you are frustrated by the lack of tax avoidance now available to you. If you earn over £360,000 you are limited to a net…
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Your Golden Decade
For most people that we see, there is a golden decade between ages 55 and 65 or there abouts. The first breakthrough should be getting rid of the kids financially, if you have them.…