UK parents spend £28 billion on nation’s under-fives each year UK parents spend around £35,000 on their children by the time they reach their fifth birthday, according to research released by Aviva. This adds up to a total of more than £28 billion spent on the nation’s 4 million under-fives each year.
‘Wealth Creation’ Archive
Funding a post-work life will be difficult without sufficient planning A new report has revealed a huge gender disparity when it comes to pension savings and income, indicating that funding retirement is likely to be a significant challenge for many women.
Start planning today to spare your family from a potential Inheritance Tax bill tomorrow 1. The main ways to avoid Inheritance Tax are to spend your money while you are alive or give it away.
Funding a potential Inheritance Tax liability After taking the appropriate steps to put in place an Inheritance Tax planning strategy, if there is still the potential likelihood of a liability on your estate, or if you have made gifts which have created a potential liability for the recipients if you die within seven years, we […]
Different trust solutions to managing your wealth We can advise you on a range of different trust solutions, each designed with a particular purpose in mind. Some types of trust are treated differently for Inheritance Tax purposes.
Helping you control and protect your assets One of the most effective ways you can manage your estate planning is through setting up a trust. The structures into which you can transfer your assets can have lasting consequences for you and your family, so it is important that you obtain professional advice, as the right […]
If there’s no valid Will When you die, your estate has to be distributed one way or another. If you have a Will, your executors have to gain a Grant of Probate in England and Wales or Northern Ireland (a Grant of Confirmation in Scotland). If there’s no valid Will, or the named executors in […]
Sharing out your estate Planning your finances in advance should help you ensure that when you die, everything you own goes where you want it to. Making a Will is the first step in ensuring that your estate is shared out exactly as you want it to be.
What happens when someone dies? When someone living abroad dies, the rules for paying Inheritance Tax usually depend on:
Reducing an Inheritance Tax – it’s good to give A n estate can pay Inheritance Tax at a reduced rate of 36% on some assets (instead of 40%) if 10% or more of the ‘net value’ of their estate is left to charity.