Inheritance tax is paid at a rate of 40pc on assets worth more than £325,000, with an additional £175,000 for anyone passing ...
More families are using trusts for inheritance tax planning as the £325,000 threshold remains frozen since 2009.
A growing numbers of families are being pulled into the inheritance tax net as thresholds remain frozen at £325,000.
A single life event like an inheritance or home sale can complicate your tax situation. Some of these tax triggers may change what you owe if you don't act.
There are now at least 825,000 trusts across the UK ...
Bereaved families dealing with a loved one’s estate are facing the prospect of selling properties held in pensions at significant losses as Labour’s inheritance tax reforms take effect.
Looming inheritance tax changes will limit how much pension wealth can be passed on but more people may now be maxing out their loved ones’ JISA allowance instead.
4don MSN
Families rush to set up trusts to cut inheritance tax: How they work and why the wealthy use them
The Trust Registration Service received a flurry of filings last January, the most recent period for which data is available.
The biggest inheritance tax advantages comes from a simple seven-year rule. According to the government, if the person setting up the trust lives for at least seven years after transferring the assets ...
While most adult children (95%) believe they’re ready to manage an inheritance, a quarter (25%) of parents disagree.
Adult children don’t like to think of themselves as “kids.” Many have careers, mortgages, families and responsibilities of ...
Divorce at this stage of life is not just about dividing assets, but about creating clarity and control. By prioritising ...
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