Monday, August 16th, 2010
Inheritance Tax can apply at 40% to portions of your wealth you intend for your children. IHT is one of the most lucrative taxes for the Revenue, as it applies at 40% to all liable assets. However, it is also one of the most avoidable of taxes, with good financial planning. Read how here – click on the headline above.
Tags: IHT, IHT Advice, IHT Planning, Inheritance Tax, Inheritance Tax Advice, Inheritance Tax Liability
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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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Friday, June 11th, 2010
Family income benefit insurance or FIB is a lesser-known life insurance policy that pays a yearly income, rather than a lump sum, to your family. FIB is ideal for funding education for your children, or the costs of childcare. It’s also a lot cheaper than traditional ‘lump sum’ life cover. Read more by clicking the headline above.
Tags: Buying Life Cover, Cash ISAs, Inheritance Tax Advice, Inheritance Tax Liability, Insurance Industry Working Group, Interest Only Mortgage, Life Cover, Life Insurance, Life Insurance Products, Life Policy, Retirement Income
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Friday, May 21st, 2010
While the woman is increasingly the main breadwinner in the UK household, she fails to realise that this has created a need for her to take life and critical illness insurance, according to AXA.
Tags: AXA, Critical Illness Insurance, Inheritance Tax Advice, Inheritance Tax Liability, Life Cover, Life Insurance, Mortgage Application, Personal Insurance, Remortgage, Retirement Income, Tax Guidelines
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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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Monday, April 19th, 2010
Critical illness insurance cover is an area where understanding the terms and exclusions of the policy is essential. The importance of knowing the exclusions in all types of insurance is highlighted again this week, as thousands of stranded holidaymakers find their travel insurance is invalid, because the eruption of the Icelandic volcano is considered an ‘Act of God’.
Tags: Contribute To A Pension, Critical Illness Cover, Critical Illness Insurance, Inheritance Tax Advice, Inheritance Tax Liability, Life Cover, Life Insurance, Mortgage Application, Personal Insurance, Prudential, Remortgage, Retirement Income, Second Home In Spain
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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.
Tags: Avoid Tax, Best Mortgage Deal, Capital Gains Tax, Cash ISA, Cash ISAs, Certified Financial Planner, Chartered Financial Planners, Cheap Life Insurance, Critical Illness Insurance, Debt Management, Efficient Tax Planning, Enterprise Investment Scheme, future energy supply, Gareth Flanagan, Individual Voluntary Arrangement, Inheritance and Tax Planning, Inheritance Tax, Inheritance Tax Advice, ISAs, Maximum Pension Contribution, NAEA, Online Mortgage Deals, Pension Savings, Pension Schemes, Pensions, Personal Tax, Private Pension, Professor David MacKay, Reclaim Capital Gains Tax, Remortgages, Repossessed Spanish Property, Savings, State Pension, Stocks & Shares ISA, VCT, Venture Capital Trusts
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Thursday, April 8th, 2010
Single income families are on the rise, and the number of stay at home dads has increased tenfold to 600,000 in 10 years. Personal insurance, including life cover and critical illness cover, are all the more important to protect a family from losing its only income, with no second income to fall back on.
Tags: Aviva, Best Maxi ISA, Critical Illness Insurance, Inheritance Tax Advice, Inheritance Tax Liability, Life Cover, Life Insurance, Mortgage Application, Personal Insurance, Remortgage, Retirement Income
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Friday, April 2nd, 2010
Many factors are considered when calculating life insurance premiums – including your occupational risks. Whether you are a zookeeper or a window cleaner, buying life insurance can be a game of snakes and ladders.
Tags: Buying Life Cover, Cash ISAs, Inheritance Tax Advice, Inheritance Tax Liability, Insurance Claims, Life Cover, Life Insurance, Mortgage Application, Personal Insurance, Retirement Income, Seek Financial Advice
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Thursday, April 1st, 2010
For financial planning purposes, the cost of raising a child to 21 should be factored in as £194,000. Life insurance cover should be calculated accordingly, says Zurich Assurance.
Tags: Critical Illness Insurance, Enterprise Investment Schemes, Financial Planning, Inheritance Tax Advice, Inheritance Tax Liability, Life Cover, Life Insurance, Pensions and Retirement, Remortgage, Repossessed Spanish Property, Zurich
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