It is believed that this year people will provide HMRC with more than £2 billion in inheritance tax (IHT), according to unbiased.co.uk.  But with some careful IHT planning you need not be caught in this trap. IHT is charged at 40 per cent on anything in your estate above the nil-rate band of £325,000 in [...]

With the New Year on the horizon, now is the time to consider your financial plans.  We set out a wealth check list for you to ensure you have the main points covered. Effective tax planning Tax is paid on our individual earnings and assets.  We can be more tax efficient if we take advantage [...]

£600 increase for your ISA  The publication of inflation figures in October 2011 means that the new Individual Savings Account (ISA) allowance for 2012/13 tax year will be £11,280.  With forecasters stating that this could be the highest inflation figure to be seen, savers should consider maximising their allowance to full to reap the full [...]