Death is inevitable. But being taxed when you die is not. See below an excerpt of an article in the Mail on Sunday for detail on the large – but easily avoidable – tax liabilities that lie ahead. Taxation And Death – The Problem Death taxes collected by the Government and which erode family wealth […]
Inheritance Tax (IHT) kicks in to estates valued at over £325,000. If you have a house (especially in the South East) that means it may well apply to you. The potential IHT bill can be pretty large. It’s applied at a flat 40 per cent above the threshold. Here’s a worked example offered by the […]
Today we bring news of a service that is not for everyone. It’s a way of reducing liability to Inheritance Tax, which kicks in for people leaving estates of £325,000 or more (in fact, up to £450,000 if a house is included in the estate). With UK property prices being near historical highs – […]
In many countries, financial products are sold through banks and there is a lack of independent advice. In the UK, clients rely on Independent Financial Advisers (IFAs) and the fact that they are independent should mean that they seek out the best products for their clients, leading to better returns. Many clients are financially unsophisticated […]
Money&Co. recently launched Money&Co. Portfolio, which allows lenders to lend through a managed ISA, a managed portfolio or a lending vehicle (designed to help mitigate inheritance tax). The ISA and the lending vehicle make use of tax reliefs and so it is particularly important that we make every effort to preserve capital. For these products, […]