
Plans for a £1m Inheritance Tax threshold are cancelled, leaving Inheritance Tax allowances at previous levels. This leaves consumers exposed to a potential Inheritance Tax liability of 40% on portions of their wealth.

Plans for a £1m Inheritance Tax threshold are cancelled, leaving Inheritance Tax allowances at previous levels. This leaves consumers exposed to a potential Inheritance Tax liability of 40% on portions of their wealth.
New figures from Aviva reveal why Inheritance Tax (IHT) is one of the most important sources of revenues for the UK taxman. There are currently £2.5 trillion in assets earmarked by parents as inheritances for their children and relatives, the insurer announced this week. This staggering sum is held by two-thirds of over-55s covered by [...]
Citizens Advice has today revealed that debt problems have been the single largest problem for UK consumers in the last 18 months.
In the period from April 2008 to September 2009, advisers in the nation’s Citizens’ Advice Bureaux have dealt with 3.06m debt problems, compared with 2.71m benefits problems, 844,000 employment problems, and 633,000 housing problems.
As the old saying goes, where there’s a will, there’s a relative – and arguments relating to inheritance can cause conflict and bitterness that can break even the most close-knit of families. At the very least, an outdated or badly-written will can fail in its primary objective: to ensure a smooth inheritance process. All the more important, therefore, that [...]
















