Latest News with Tax Planning tag

Self Assessment Deadline Looms: Useful Info & Tips

14th January 2016

It’s that time of the year again. No, we don’t mean diets, gym memberships and other New Year’s resolutions.  Self assessment for the 2014-15 tax year must be filed and tax paid by 31 January 2016. Some Fun Statistics Released by the HMRC As the HMRC has just announced, the latest holiday season saw record […]

Use Allowances to Minimise Taxes in Retirement

3rd January 2016

Most people will have accumulated a range of assets and potential income sources when they reach retirement, including pensions, ISAs, bonds, investment funds and more.  Each of these is treated differently from the tax perspective.  Therefore, which ones to draw cash from and which ones to leave untouched and keep growing can have vast implications […]

Inheritance Tax Planning: No Time to Wait

17th November 2015

You don’t need to be rich for inheritance tax (IHT) to be an issue. In many parts of the UK, owning your home alone pushes you above the threshold. IHT Threshold and Rates The key numbers to know are £325,000 (IHT threshold) and 40% (IHT rate). The first £325,000 of an individual’s estate are tax-free. […]