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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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 £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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Tuesday, November 24th, 2009
Are you one of the 33m* people in the UK who could reduce your personal tax bill? Here are five ways to help you with efficient tax planning.
Tags: Cash ISA, Chartered Financial Planners, Critical Illness Insurance, Efficient Tax Planning, Enterprise Investment Schemes, Financial Planning, Individual Voluntary Arrangement, Inheritance and Tax Planning, Inheritance Tax Liability, ISAs, Life Insurance, Pension Schemes, Pension Transfers, Pensions and Retirement, Personal Tax, Remortgages, Repossessed Spanish Property, State Pension, Stocks & Shares ISA, Tax, Tax Efficient Savings
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Friday, November 20th, 2009
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 [...]
Tags: Critical Illness Insurance, Efficient Tax Planning, First Time Buyer Mortgages, Fund Portfolio, IHT Planning, Inheritance and Tax Planning, Inheritance Planning, Quantitative Easing, Recession, Remortgages, Repossessed Spanish Property, Wills, Writing a Will
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Tuesday, November 3rd, 2009
High 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 [...]
Tags: AIB Bank, Co-Operative Bank, Commercial Loans, Company Pension Scheme, Company Pensions, First Time Buyer Mortgage, First Time Buyer Mortgages, Gilts, IHT, IHT Planning, Inheritance and Tax Planning, Inheritance Tax Liability, Life Policy, Mortgage, Mortgage Advice, Pension Advice, Personal Accounts, Personal Accounts Scheme, Remortgages
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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, effective from 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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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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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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Friday, June 12th, 2009
In 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 [...]
Tags: Enterprise Investment Schemes, Financial Planning, Fund Portfolio, Inheritance and Tax Planning, Inheritance Planning, Inheritance Tax Liability, Life Insurance, Mortgage Adviser, Personal Finance, Quantitative Easing, Recession, Remortgages, Repossessed Spanish Property, Wills, Writing a Will
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Tuesday, June 9th, 2009
The 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.
Tags: Annuity Advice, BBC, future energy supply, Gareth Flanagan, Inheritance and Tax Planning, Inheritance Tax, Inheritance Tax Advice, Loan Insurance, Lufthansa, Office of Fair Trading, Pension Annuity, Pension Income, Remortgages, Repossessed Spanish Property, Retirement Planning
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