Annuity vs drawdown – what's the difference? Many of us have spent the last few decades planning and carefully saving for the things that are important to us, whether that’s life’s luxuries, our mortgages and bills, or our plans for the future. As we get older we might ha...
That being said, Mr Hunt may choose to change thresholds to take into account rising house prices. At present, IHT is charged at 40% and applies to estates worth more than £325,000, (though there are various allowances that can mean it's only paid on more valuable estates). Mr Hun...
Rickman adds: “Helping people to make sensible financial decisions is a laudable pursuit, but there is some rocky terrain to navigate. For starters, the boundary between advice and guidance is delicate. As there are varying levels of protection and recourse should things go awry, it’s essentia...
3. Both Ends of Films to Be Shortened Both Ends of Films Are to Be Shortened 片头片尾将“减肥” 4. Bush’s Approval Rating Plunges to New Low Bush’s Approval Rating Plunges to a New Low 布什支持率跌至历史新低 5. Great Wall at Top of “World’s New Seven Wonders” The Great ...
Is Probate Different Across the UK? Yes, probate will differ across the UK. The process is the same for England and Wales, with differences seen in Northern Ireland and Scotland. The main differences are the financial thresholds, however there may also be variations in the process. The rules...
IHT and CGT must work better togetherCurrently, ‘capital gains uplift’ rules are in place, reducing CGT payable on inherited assets that are later sold at a profit. These rules state that assets inherited and later sold at a gain should have CGT applied to the increase in the va...
There are two basic types of DGT but there are many variations on the general DGT theme. Those based on a bare/absolute trust structure and those based on a discretionary trust structure. Use of a bare/absolute trust structure triggers an IHT potentially exempt transfer (PET) by...
However if the income fund’s dividends are spent, then its value falls behind. You can see this in the next chart: Now we can see how badly the income fund trails (red line) when we don’t reinvest its dividends. The blue line of the accumulation version slowly diverges from the ide...
Nevertheless, Moore highlighted that Britain’s finances are not looking on a sure footing and the revenue generated from IHT is set to reach a record £8 billion this year. “While it is not a huge generator of Treasury revenue, IHT is playing an increasingly significant role in the UK'...
However perhaps more than you’d expect are selling positions ahead of what’s still only a rumour. I can see a case for it, though. Not only because any changes to CGT will probably come into force before Rachel Reeves has even finished her bedtime cocoa for the day, but also because...