72% of UK adults unaware gifts from surplus income are IHT-exempt
For many families, gifting money to children or grandchildren is simply a way to help with everyday costs or to give them a financial head start. However, new research suggests that almost three quarters (72%) of UK adults do not realise that regular gifts funded by spare or surplus income can be immediately exempt from Inheritance Tax (IHT)[1].
What will retirement look like for you?
Practical ideas for creating a purposeful and enjoyable next chapter
Retirement is one of life’s major milestones, bringing greater freedom but also a significant change in routine. After decades of working, it can take time to adjust to having fewer commitments and more choice over how you spend each day.
The 15 million workers heading for a retirement disaster
Future pensioners risk being poorer than today’s retirees unless action is taken
Retirement may feel like a distant concern for many working people, but a stark new warning suggests millions of Britons could be heading towards a financial cliff edge in later life.
Offshore Bonds: A tax-efficient route to passing on wealth
The wealth transfer strategy more families are exploring
As changes to Inheritance Tax (IHT) and Capital Gains Tax (CGT) rules take effect, many investors may be seeking alternative ways to protect their wealth and pass more of it on to future generations. With tax allowances becoming less generous and estate-planning challenges mounting, offshore bonds are attracting renewed interest among individuals seeking greater flexibility and tax efficiency.
Are you unknowingly paying an effective 60% tax rate?
The hidden tax trap that could be costing higher earners thousands
With wages rising and frozen tax thresholds pushing more people into higher tax bands, many UK professionals are finding that earning more does not always mean taking home more. In fact, individuals earning £110,000 a year can face surprisingly high tax bills and may even lose valuable tax allowances.