In our experience we find that most of our clients who have existing life insurance, whether this be for repayment of a mortgage or another reason such as inheritance tax planning, haven’t been advised properly. That is to say their...
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Using A SIPP To Save For Retirement
A SIPP is a self-invested personal pension which is set up by an insurance company or specialist SIPP provider. It is attractive to those who wish to manage their own investments. Contribution to a SIPP may be made by both...
Closing A Business – When A Member’s Voluntary Liquidation Is Beneficial
Although it is possible to strike off a company and for distributions made prior to dissolution to be treated as capital rather than as a dividend, this is not an option where the amount of the distributions exceeds £25,000. Where the...
Inheritance Tax And Spouses And Civil Partners
Special rules apply for inheritance tax purposes to married couples and civil partners. To ensure valuable tax reliefs are not lost, it is beneficial to consider the combined position, rather than dealing with each individual separately. Married couples and civil...
Government Childcare Scheme – Tax-Free Top-Up
Working parents can receive a tax-free top up from the Government to help with their childcare costs. The top up is worth £500 every three months (£2,000 a year). A higher top-up of £4,000 a year (£1,000 every three months)...