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The ability to inherit a pension pot free of income tax is set to be scrapped, under government proposals that would end the benefit for tens of thousands of UK households. Reforms introduced in 2015 by former chancellor George Osborne meant anyone inheriting a defined contribution pension pot f...
The following are exceptions to the aggregation rules: deferred annuity contracts which are exchanged into immediate annuities; immediate annuities; distributions required on account of the death of the owner; contracts issued prior to 10/21/88. Note, if a pre-10/21/88 contract is subsequently ex...
I’ve been sitting on a bit of cash for a while which I haven’t invested as I’ve already been maxing out my ISA and pension allowances. I would now like to invest it though, and will need to do so in a non tax free wrapper (i.e. a normal dealing account). I want to try...
When you find yourself outside of your comfort zone, these are some examples of why individuals require a need for a professional tax accountant: Are you inheriting a large sum of money or assets from home or abroad? Have your financial affairs become more complex and not sure how it will...
Turning 66? New rules on PRSI could cost you money Moves to let people defer their State pension for higher payments later on is currently not a good trade-off for many ByFiona ReddanTue Jan 30 2024 - 05:00 Can I get Help to Buy support if my partner is helping with home loan payme...
How to achieve your mother’s wish for your brother’s portion of any inheritance to go to her really depends on whether they had children By Dominic CoyleSun Sept 22 2024 - 10:00 US, not Ireland, facilitated Apple’s €13bn tax-avoidance structure Revenue, under its own rules, did not...
If you are planning significant building work, setting up a Development Company or using a building contractor might save VAT. Assuming you employ a builder… The VAT Rules are in VAT Notice 708 Buildings & Construction Your builder may be able to charge you VAT at the reduced rate of 5 pe...
When you find yourself outside of your comfort zone, these are some examples of why individuals require a need for a professional tax accountant:Are you inheriting a large sum of money or assets from home or abroad?Have your financial affairs become more complex and not sure how it will ...
…simply reverting to estate tax rules in place as recently as 2004 could yield $98 billion per year, far more than the $16 billion the government raised in 2020. Last but not least, it argues for these tax increases because it wants us to believe that politicians will wisely use any ad...