How to deal with an inheritance tax liability if you inherit a large sum
Coming into an inheritance can lead to unexpected tax problems. But a gifting strategy and tax-efficient investing via pensions can mitigate these issues. Early planning can avoid this scenario altogether.
Are you potentially overpaying for the financial advice you receive?
Recent regulatory scrutiny has led to more savers paying closer attention to the total costs of financial advice. Paying excessive or unwarranted fees can substantially hinder long-term wealth-building.
Build a ‘pot for life’ for your children with early investing
Making small, monthly pension or ISA contributions can give children a hugely valuable pot of money for later life. The key to success lies in starting early.
How do you pay £200,000 into a pension fund?
Carrying forward unused annual allowances from prior tax years can allow certain savers to pay a large sum into a pension. This can be particularly beneficial for small business owners.
How much tax-free cash can you unlock from pensions via the new lump sum allowance?
The scrapping of the lifetime allowance (LTA) in the 2023 Spring Budget created a number of new planning opportunities for pension savers who may have reached the LTA limit, but not taken their full tax-free cash entitlement.
Constructing a retirement plan: How to avoid the most common mistakes
An effective retirement plan can help you accumulate wealth tax-efficiently, and ensure you are in the best possible shape for retirement. But there are pitfalls to watch out for. This article highlights some common retirement mistakes.
Financial planning can help small business owners navigate their company ‘life cycle’
From inception and growth to risk management, strategic investments, and exit planning, expert, independent advice can help to steer a business towards financial success.
Keep your wealth ‘engine’ running smoothly with a financial MOT
Just as your car needs an annual MOT, it’s important to look under the bonnet and ensure your financial ’engine’ is in good working order. A new tax year provides a natural opportunity to take stock of your wealth-building strategy.
Don’t inadvertently limit yourself to £10,000 pension contributions
Accessing pension benefits can come with a major trap. Triggering the Money Purchase Annual Allowance places a limit on all further contributions.
How small business owners can get ‘cut-price’ insurance against a serious illness
Directors can cut the net-of-tax costs of insurance through a company policy. Cover can include cancer, heart attacks and other critical illnesses.
