Tax

What to do if you are struggling to pay your council tax

According to data published in 2017 by the Ministry of housing, communities and local government (MHCLG), council tax arrears totalled 2.8 billion. With rates set…

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Farewill Review – The smartest way to do a will?

In this independent Farewill review I look at the services they offer, how much Farewill costs, its pros and cons and how it compares to…

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Do you need to worry about inheritance tax?

What you need to do Calculate your potential inheritance tax bill (TIME REQUIRED – 1 MINUTE) Open our FREE inheritance tax calculator Enter the current…

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Check you are paying the right amount of income tax – 2 minutes

What you need to do Go to our income tax calculator Make sure the ‘tax year’ is set to the current one and the right age band is selected. Don’t worry about the ‘tax code’ field or the email field but fill/tick the others if relevant. Then enter your annual…

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The 10 best ways to avoid inheritance tax

10 ways to avoid inheritance tax When you die you may want your estate to pass on to your children but having to pay inheritance…

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Inheritance tax (IHT) taper relief on gifts explained

This is a popular question and often causes confusion. So I thought I’d lay out a brief explanation of how inheritance tax (IHT) taper relief…

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Reader Q: If I give my kids £90k will they be hit with an Inheritance tax bill if I die?

Reader Question: How can I give money to my children without paying inheritance tax (IHT) Can I give cash to my family before I die…

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Here’s what you should be doing NOW about inheritance tax

Throughout my career in financial planning I’ve always been struck by the lack of planning when it comes to passing money on to children and…

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Life insurance and Inheritance Tax

Life insurance and Inheritance Tax When assessing the potential inheritance tax liability on your death it makes sense to consider life insurance as a method…

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Inheritance tax planning: How to pass on your wealth without paying inheritance tax

Inheritance tax earns the UK Government around £3.4 billion a year in revenue and this figure is set to increase. Part of the reason why the…

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