Financial News

Retirement nest egg

Half of over 50s regret not saving into their pension sooner The days of working for a single employer for your entire career and retiring with a comfortable pension are largely gone. The responsibility for accumulating a retirement nest egg now rests with individuals as opposed to their employers.

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Preserving your family’s wealth

Achieving the right balance of control, access, flexibility and tax advantages Inheritance Tax is a tax on an estate (the property, money and possessions) of someone who’s died. Intergenerational planning helps you put financial measures in place to benefit your children later in life, and even your future grandchildren, but

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Strategies and solutions

Provision in place to preserve and protect your assets Failing to protect family wealth from Inheritance Tax could cost families thousands of pounds. However, there are various strategies and solutions to legally avoid paying this tax.

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Passing wealth to the next generation

Making a real difference to the financial position of the recipients With careful planning it is possible to significantly reduce the need for your estate to pay Inheritance Tax. We spend a lifetime generating wealth and assets but not many of us ensure that it will be passed to the

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Inheritance Tax Residence Nil-Rate Band

Owning a residence which you leave to direct descendants The introduction of the ‘residence nil-rate band’ (RNRB) has made it easier for some individuals to pass on the family home. The rise in property prices throughout the UK means that even those with modest assets may exceed the £325,000 ‘nil-rate

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Lifetime transfers

Remember the seven-year rule An outright gift falls into one of two categories, depending on the type of gift and to whom it’s made. These categories are Potentially Exempt Transfers (PETs) and Chargeable Lifetime Transfers (CLTs).

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