Inheritance and Tax Planning | Independent Financial Advice Service, Pensions and Investment Portfolio Advisers

Inheritance Tax Planning – Shop around before writing a will

Friday, June 18th, 2010

Inheritance tax planning and writing a will can be subject to hidden costs, especially if you appoint an executor to your estate. Consumers are often not made aware of the bill they will receive, and should certainly ‘shop around’, says the Office of Fair Trading. Click headline for further details.

Tags: Enterprise Investment Schemes, Financial Planning, Gareth Flanagan, Inheritance and Tax Planning, Inheritance Tax Advice, Quantitative Easing, Recession, Remortgages, Repossessed Spanish Property, Wills, Writing a Will
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Plan for generous Inheritance Tax allowances cancelled

Friday, May 28th, 2010

Plan for generous Inheritance Tax allowances cancelled

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.

Tags: Critical Illness Insurance, Efficient Tax Planning, FSA, future energy supply, Inheritance Advice, Inheritance and Tax Planning, Inheritance Tax, Insurance Claims, Life Insurance In Trust, Remortgages, Repossessed Spanish Property
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Inheritance Tax Planning – most UK adults have no Will

Thursday, April 29th, 2010

Over half of adults in the UK are neglecting the need to make a will to ensure efficient inheritance tax planning, according to a new survey published this week by Barnardo’s. The children’s charity has also revealed that almost three-quarters (74%) of cohabiting couples also have no will in place.

Tags: Fund Portfolio, future energy supply, Gareth Flanagan, Inheritance and Tax Planning, Inheritance Planning, Inheritance Tax, Inheritance Tax Advice, Recession, Remortgages, Repossessed Spanish Property, Writing a Will
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Happy New Tax Year! The Tax Savings Checklist for 2010/11

Monday, April 12th, 2010

The new tax year, which began on 6th April 2o1o, offers a golden opportunity for tax savings. Make use of your brand new tax allowances to fine-tune your financial planning, and minimise tax. With financial advice you can streamline your savings strategy by getting the best savings rate and fully utilising your ISA cash allowances. You can ensure you take advantage of your allowances for Capital Gains Tax, if you are selling an asset. You can plan to maximise tax reliefs from pensions contributions. You can gain 30% tax relief on investments in Venture Capital Trusts (VCTs). You can take the necessary steps to avoid 40% Inheritance Tax on wealth passing to your children and heirs. If you are an employer, you can plan for the upcoming government NEST scheme, which will require you to have, or set up, a pensions department that offers a pension to all employees.

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ISA savers benefit, CGT stable, IHT threat in Budget

Wednesday, March 24th, 2010

budget

Good news for first time buyers, ISA savers, and business owners in the budget. Here is our roundup of personal finance news and the budget changes, hot out of that little brown briefcase on Downing Street.

Tags: Capital Gains Tax, Certified Financial Planner, future energy supply, Individual Voluntary Arrangement, Inheritance and Tax Planning, Inheritance Tax, ISAs, Pensions, Remortgages, Repossessed Spanish Property, Tax Efficiency
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Pensions savings needed to fund care

Friday, March 19th, 2010

pensions savings

New proposals for a National Care Scheme will provide in-home healthcare for the elderly to those who pay £8,000 to join. Proposed payment options include a 10% inheritance tax, forfeiting state pension income by working longer, or planning ahead with pensions savings or a bond investment.

Tags: AIB Bank, Bonds, Canada Life, Equity Release, Inheritance and Tax Planning, Maximum Pension Contribution, Office of Fair Trading, Pensions, Remortgages, Retirement Planning, Utility Prices
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Avoid 40% Inheritance Tax – check your liability today!

Monday, March 15th, 2010

inheritance tax

Do you love the taxman more than you love your own children? If not, then don’t risk leaving them an Inheritance Tax bill of 40% on the wealth you leave behind! You stand to save thousands or even hundreds of thousands with good inheritance planning. The first step is to check how much you would owe, with our new Inheritance Tax Calculator.

Tags: Financial Planning, First Time Buyer Mortgage, First Time Buyer Mortgages, HMRC, IHT, IHT Planning, Inheritance and Tax Planning, Remortgages, Repossessed Spanish Property
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Make a will, or face the wrath of John Wayne

Friday, December 11th, 2009

A land dispute now in progress between the Blackfoot Tribe in Montana and the US Government shows yet again how making a will is an essential part of financial planning.

Much of the land held by native Americans (formerly known as American Indians) is held in group ownership, a legacy of the days when John Wayne conquered the great plains, and native Americans were not permitted to write a will.

Tags: Enterprise Investment Schemes, Financial Planning, Fund Portfolio, Inheritance and Tax Planning, Inheritance Planning, Quantitative Easing, Recession, Remortgages, Repossessed Spanish Property, Wills, Writing a Will
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Taxman looks forward to Inheritance Tax on £2.15 trillion

Wednesday, December 9th, 2009

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 Â£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 [...]

Tags: Aviva, Best Maxi ISA, Enterprise Investment Schemes, Financial Planning, First Time Buyer Mortgage, First Time Buyer Mortgages, FSA, Fund Portfolio, future energy supply, IHT, IHT Planning, Inheritance Advice, Inheritance and Tax Planning, Inheritance Planning, Inheritance Tax, Insurance Claims, Life Insurance In Trust, Remortgages, Repossessed Spanish Property
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