by Dan Woodruff | May 21, 2019 | Business Owner, Financial planning, Getting Divorced, High Income, Illness & personal injury, Managing another person's assets, Planning Your Inheritance, Professional connections, Prudent saver, Receiving Inheritance, Retirement
Your Emergency Fund An emergency fund is a pot of money you should have available for use if an unexpected bill comes your way. This is one of the most important elements of your financial planning. Everyone should have an emergency fund, but most people do not have...
by Dan Woodruff | Apr 9, 2019 | Managing another person's assets, Planning Your Inheritance, Receiving Inheritance
PROBATE FEES INCREASE 2019 The UK Government has announced that probate fees will be reviewed as part of an overhaul of court fees, reversing their previous commitment to switch probate fees from a flat fee to a banded approach. Changes were due to take place in April...
by Dan Woodruff | Mar 20, 2019 | Managing another person's assets, Planning Your Inheritance, Receiving Inheritance
LOGGING INHERITANCE TAX GIFTS One of the best ways to reduce your inheritance tax liability is to make gifts during your lifetime. This article explores how to document these transactions by logging inheritance tax gifts as you go. Ultimately, this will save a lot of...
by Dan Woodruff | Apr 26, 2018 | Business Owner, Getting Divorced, High Income, Illness & personal injury, Managing another person's assets, Planning Your Inheritance, Professional connections, Prudent saver, Receiving Inheritance, Retirement
CONTINUING ACCOUNT OF A DECEASED INVESTOR Since April 2018 the rules have changed on how ISAs can be passed on to spouses and civil partners on death. The rules allow for a continuing account of a deceased investor (CADI). These changes improve the rules on Additional...
by Dan Woodruff | Mar 23, 2018 | Business Owner, Financial planning, High Income, Managing another person's assets, Planning Your Inheritance, Prudent saver, Receiving Inheritance, Retirement
WHY ISA SEASON IS IN APRIL, NOT MARCH Have you heard of ‘ISA season’? Every March, just before the end of the tax year, we read in the financial press about how you should ‘use your ISA allowance, or lose it’. This article explains the flaw in...
by Dan Woodruff | Mar 7, 2018 | Illness & personal injury, Managing another person's assets
TRUSTS REGISTRATION SERVICE The Trusts Registration Service is a recent initiative from HMRC, which requires attention from all trustees. The current rules mean that all UK trusts which declare tax to HMRC are required to register using this service. New changes have...
