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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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Business owners! Life insurance cover can protect your company profits

Friday, May 14th, 2010

Life insurance cover and critical illness insurance can be used in many ways to protect a company’s profits, if a key employee falls ill or dies. For example, life insurance cover can repay a company loan, or critical illness insurance can enable business partners to buy out a partner who must leave a partnership through ill-health.

Tags: Critical Illness Insurance, Fixed Rate Mortgages, Income Protection Insurance, Inheritance Tax Liability, Insurance Claims, Life Insurance, Life Insurance In Trust, Mortgage Application, Personal Insurance, Remortgage, Retirement Income
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Ten life insurance facts that could cost you money

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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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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New law ensures easier health and critical illness claims

Tuesday, December 1st, 2009

A new draft law is set to dramatically improve the quality of cover provided by critical illness, health insurance and other insurance products.

The new legislation, to be tabled in Parliament by the Law Commission on 15th December 2009, will transform the way that insurance companies treat claimants who make innocent mistakes when applying for insurance cover.

Tags: Aviva, Best Maxi ISA, Critical Illness Insurance, Financial Ombudsman Service, Financial Planning Advice, Health Insurance, Home Insurance, Insurance Claims, Personal Finance Education, Remortgage, Retirement Income, Seek Financial Advice, Travel Insurance
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Waking the dead: Penalties for late Inheritance Tax

Monday, August 17th, 2009

HM Revenue and Customs has announced an increase to 3% of the interest charge on all late payments of Inheritance Tax,Â effective fromÂ September 2009.

Tags: Decreasing Term Insurance, Estate Planning, Financial Planning, Fund Portfolio, future energy supply, HMRC, Inheritance and Tax Planning, Inheritance Planning, Inheritance Tax, Insurance Claims, Life Insurance In Trust, Remortgages, Repossessed Spanish Property
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Life insurance in trust: Taking control of your life insurance

Tuesday, August 11th, 2009

One super-efficient tool for ensuring a smooth transfer of life insurance monies to your family is to set up your life insurance in trust.

Tags: future energy supply, Inheritance and Tax Planning, Inheritance Tax, Inheritance Tax Liability, Insurance Claims, Insurance Industry Working Group, Life Insurance, Life Insurance In Trust, Life Insurance Products, Remortgages, Repossessed Spanish Property
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Staking your claim: Top tips for insurance claims

Friday, July 31st, 2009

Here are a few tips that will help you ensure that your life insurance or health insurance claimÂ is less likely toÂ be rejected by your insurance company.

Tags: Aviva, Best Maxi ISA, Critical Illness Insurance, Financial Ombudsman Service, Health Insurance, Inheritance Tax Liability, Insurance Claims, Life Insurance, Mortgage Application, Personal Insurance, Prudential, Remortgage, Retirement Income, Scottish Widows, Second Home In Spain, Secured Loans, Seek Financial Advice
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Personal finance tips for newly weds

Friday, July 24th, 2009

As you step over the threshold into married life, you should know that the world of your personal finances has changed forever as well. There are a number of financial matters to consider, and steps to be taken, as you and your partner embark on your new journey. Here are our top tips on what you should be thinking about, as you return from honeymoon.

Tags: Financial Ombudsman Service, Fund Portfolio, GMAC, Health Insurance, Inheritance Planning, Inheritance Tax Advice, Inheritance Tax Liability, Insurance, Insurance Claims, Investment ISA, Life Cover, Life Insurance, Life Insurance In Trust, LV=, Maximum Pension Contribution, Mortgage Adviser, Mortgage Insurance, Pension Planning, Pensions, Personal Finance, Repossessed Spanish Property
Posted in Financial Planning News | 1 Comment »

Passing on your wealth: Tips for inheritance planning

Tuesday, July 14th, 2009

The 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 [...]

Tags: Decreasing Term Insurance, Estate Planning, Fund Portfolio, future energy supply, Inheritance and Tax Planning, Inheritance Planning, Inheritance Tax, Insurance Claims, Life Insurance In Trust, Remortgages, Repossessed Spanish Property
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