Generally speaking we are free to dispose of our assets as we see fit when we die, however, the law does provide provision for people who have been financially dependant...
Inheritance tax is paid if a deceased's estate is worth over £325,000 at the time of death. The figure of £325,000 is known as the 'inheritance tax threshold'. Any amount above...
Cheapest way to update a will It is recommended that if you have written a will then you should review your will every 5 years. Reviewing a will makes sure...
Inheritance tax changes - Budget 2015 In the Emergency Budget 2015 George Osborne announced changes to the inheritance tax (IHT) rules including a new inheritance tax allowance taking effect from April...
Emergency Budget 2015 - Inheritance tax changes announced Changes to the inheritance tax (IHT) rules were announced in the Emergency Budget on July 8th 2015. There have been calls to...
How to calculate your net pay Simply enter your annual gross salary into the calculator below & click calculate. Click here to use the PAYE calculator How to calculate your...
Is it possible to carry forward unused annual allowances? My wife has a SIPP worth about £28K. She has not made any contributions in to her pension for a number...
Reader Question: What are the tax implications of a gift from my parents Hi Damien Love your podcast and website, question for you. I've been gifted some money from my...
Since 2010 I've been helping people with their personal finances for FREE. Every year we help over 2 million people but that's not enough. Help me help more people by sharing the site with your family, friends and colleagues. - Damien Fahy, Founder