October Budget: What steps should you take now to hedge against higher bills on Inheritance and Capital Gains Tax?
With the Government expected to increase taxes in the next Budget on October 30, in this article we’ll be exploring the potential changes to the tax rules that you should consider planning for. While the Government has committed to not increasing income tax, national insurance, or VAT, significant changes to both Capital Gains Tax (CGT) […]
Over £2bn in cash gifts given to reduce Inheritance Tax – a 40% increase in the last five years
Cash gifts for Inheritance Tax planning have risen 40% in five years, reaching £2.1 billion in 2020/21, as families seek to mitigate IHT burdens.
Understanding death in service cover and its role in reducing Inheritance Tax
Death in service insurance is a type of life insurance that is offered by some employers as an employee benefit. Also known as group life assurance, death in service insurance pays out a tax-free sum of money to an employee’s chosen beneficiaries if he or she passes away while employed by the company. It can […]