Twenty-eight million people in the UK currently have no will, according to new data* published this month. Writing a will is crucial to ensure a smooth process of wealth transfer for your family, and efficient inheritance planning can save you thousands in Inheritance Tax (IHT). If you have no will in place, you have made [...]
Posts Tagged ‘Inheritance and Tax Planning’
Writing a will essential for family and tax reasons
Friday, November 20th, 2009Pension restructure could raise Inheritance Tax liability
Tuesday, November 3rd, 2009High earners who will save for their pension under the government’s planned Personal Accounts Scheme may face an Inheritance Tax liability on part of their benefits. Latest details from government have indicated that lump sum death benefits provided under the Personal Accounts Scheme would be subject to Inheritance Tax. This is a major difference to [...]
Waking the dead: Penalties for late Inheritance Tax
Monday, August 17th, 2009HM Revenue and Customs has announced an increase to 3% of the interest charge on all late payments of Inheritance Tax, effective from September 2009.
Life insurance in trust: Taking control of your life insurance
Tuesday, August 11th, 2009One super-efficient tool for ensuring a smooth transfer of life insurance monies to your family is to set up your life insurance in trust.
Passing on your wealth: Tips for inheritance planning
Tuesday, July 14th, 2009The transfer of wealth to your children – better known as inheritance planning -Â is a complex area of personal finance that must be well planned in order to work efficiently. The central factor to consider in inheritance planning is taxation, and in particular Inheritance Tax, which, if left unheeded, can be applied to parts of [...]
Financial planning – The large print giveth, the small print taketh away
Friday, June 12th, 2009In the labyrinth of financial planning, each step we take can present a hidden pitfall, a devil buried deep down in the detail. Here is our mixed bag of hidden surprises – every nugget of wisdom can contain its own dark secret! We know that making a will is an essential part of our financial [...]
The financial life cycle 5: The settled sixties
Tuesday, June 9th, 2009The largest hill on the horizon as you enter your sixties is, of course, your retirement. In your financial life cycle, the main task is to turn your pension savings into an income, as your working life comes to an end.
The most popular way of doing this is by purchasing a pension annuity with your pension savings. This pays out a guaranteed income for the rest of your life, and can be a fixed sum, or can be set to increase each year, in order to account for inflation.
Get back last year's tax with an EIS
Wednesday, June 3rd, 2009Would you like to claw back some of those hefty taxes you gave to the government last year? You may be attracted by an Enterprise Investment Scheme (EIS), which is a government approved scheme providing a range of tax benefits to investors. With an EIS, you can recover tax equal to 20% of your investment, provided you [...]
About Us
Annuities
Blogroll
Financial Planning
- Avoiding Inheritance Tax
- Capital Gains Tax Allowance
- Chartered Financial Planners
- Corporate Financial Advice
- Debt Management
- Discounted Gift Trust
- Endowments
- Family Financial Planning
- Find an IFA
- IHT Exemptions
- Inheritance Tax Advice
- Inheritance Tax Calculator
- Inheritance Tax Gifts
- Inheritance Tax Nil Rate Band
- Inheritance Tax Rates
- Inheritance Tax Threshold
- Key Man Insurance
- Online Financial Advice
- Online Investment Advice
- Potentially Exempt Transfers
- Remote Financial Advice Service
- Unbiased Financial Advice
- What is Financial Planning?
- Will Writing Advice
- Writing Your Life Insurance in Trust
Investments
- Allianz RCM Global Eco Trends Fund
- Dark Green Investment Funds
- EIS – Enterprise Investment Scheme
- Ethical Investment Advice
- Ethical Investment Companies
- Ethical Investment Criteria
- Ethical Investment Funds
- Ethical Investment Portfolio
- Ethical Investments
- Ethical ISA Investments
- Ethical Pensions
- Fixed Interest Bonds
- Funds Investments
- Guaranteed Bonds
- Guaranteed Income Bonds
- Guaranteed Investments
- IM WHEB Sustainability Fund
- Income Bonds
- Investment Adviser
- Investment Companies
- Investment ISAs
- Investment Planning
- Light Green Investment Funds
- Managed Investments
- Medium Green Investment Funds
- Mutual Funds Investments
- Octopus VCT
- Our Investment Portfolios
- Quadris Environmental Fund
- Socially Responsible Investments
- Trust Investments
- Unit Trust Investments
- Unit Trusts & OEICs
- Venture Capital Trusts
Mortgages
oneplan
Pensions
- AVC – Additional Voluntary Contributions
- Best Pension
- Best Performing Pension
- Cashing in Pensions
- Children's Pensions
- Early Retirement Options
- Ethical Pensions
- Financial Advice on Pensions
- NHS Pension Calculator
- Pension Advice Process
- Pension Calculator
- Pension Companies
- Pension Contributions
- Pension Forecast
- Pension Lump Sums
- Pension Performance
- Pension Plan Calculator
- Pension Review
- Pension Services
- Pension Tax
- Pension Tax Relief
- Pension Transfer
- Pension Types
- Retirement Age
- Retirement Calculator
- Retirement Pension Forecast
- What is a Pension Plan?
- What is a Pension?
Personal Insurance
- Best Critical Illness Cover
- Best Life Insurance
- Calculate Your Life Cover
- Children's Critical Illness Insurance
- Critical Illness Calculator
- Critical Illness Insurance Providers
- Critical Illness Insurance Quote
- Joint Critical Illness Cover
- Life Insurance Advice
- Life Insurance Calculator
- Life Insurance Guide
- Life Insurance Quotes
- Writing Your Life Insurance in Trust
Savings
- Best ISAs
- Best Savings Accounts
- Best Savings Accounts for Children
- Best Savings Rates
- Cash ISAs
- Child Trust Fund Savings Accounts
- Child Trust Fund Share-Based Accounts
- Child Trust Fund Stakeholder Accounts
- Children's Bonus Bonds
- Ethical ISA Investments
- ISA Allowance
- ISA Calculator
- Monthly Savings
- Saving for your children
- Savings plan for a new car
- Savings plan for getting married
- Savings plan for mortgage deposit
- Savings plan for my house renovations
- Tax Efficient Savings
- Tax Free Allowance
- Tax Free ISA
- Tax Free Savings
Sustainovation
- Allianz RCM Global Eco Trends Fund
- Dark Green Investment Funds
- Economic Experts
- Environmental Experts
- Ethical Investment Advice
- Ethical Investment Companies
- Ethical Investment Criteria
- Ethical Investment Funds
- Ethical Investment Portfolio
- Ethical Investments
- Ethical ISA Investments
- Ethical Pensions
- IM WHEB Sustainability Fund
- Light Green Investment Funds
- Medium Green Investment Funds
- Quadris Environmental Fund
- Social Experts
- Socially Responsible Investments
Got a question? Ask us online
0800 678 5929
7 Racecourse Road,
Derry,
Northern Ireland
United Kingdom
BT48 7RB
Email: info@principlefirst.co.uk
Principle First Financial Services is a trading style of GMF Marketing Services Ltd. which is authorised and regulated by the Financial Services Authority. Principle First Financial Services is entered on the Financial Services Authority's register under reference number 409667.