What would you prefer to leave your loved ones: a generous legacy or a gigantic bill? Chartered Financial Planner Michael Roberts returns with another of his highly popular guides to personal taxation – this time explaining the complex world of inheritance tax. It might not feel this way, but in recent decades people have been
Financial markets are reeling from the news: the UK has voted to leave the EU. But after the dust and smoke has cleared, what will this momentous decision mean in the long term for your finances? We assess the situation. So it is settled – at least, the voting part is. The majority have spoken,
Ever worked out the cash cost of simple laziness? You could be frittering away a sizeable chunk of your income every year just by not taking a few simple steps. Here are some of the best reasons why you should wake up and smell the money. Off the top of your head, how much interest does your savings
As part of our TaxAction 2016 campaign in partnership with Prudential, we bring you the ten top ideas for reducing your tax bill, as supplied by financial advisers listed at Unbiased. You don’t need a hedge fund to make your money grow fast – you just need to trim back the amount you waste every day
The bank staff have drawn the blinds – but you don’t have to. Remember you promised to sort out your money as soon as you had a spare moment? Later you can go out and throw bread to the ducks, but first think about how well you’re feeding your savings. Our bank holidays in the UK date back
Turning self-employed can bring a new lease of life. You’re no longer working for The Man and it’s all down to your own skills and vision. Just remember that running your own business is more satisfying, but also more challenging – so keep these tips to hand as you begin.
We’re a year into pension freedom, and the UK is starting to get a feel for the new way in which pensions work. If you plan to take your pension within the next five to ten years, make your choices easier with these tips and rules of thumb. If you’re planning to retire in the
Tomorrow at lunchtime George Osborne will address the house with his Budget for the year ahead. The Chancellor is notorious for his surprises – and we’ve had precious few clues to work on. But here are the best theories so far. When it comes to tomorrow’s Budget, we only know one thing with cast-iron certainty: we will
Everyone now has a personal savings allowance, which grants basic rate taxpayers £1,000 of savings interest tax-free. Some have suggested that this means the death of the cash ISA for ordinary savers. But there are plenty of other reasons why it’s still a good idea to hang on to yours. In 2015 UK taxpayers may have paid up
Saving through a pension is an excellent way to gain tax relief, but with limits to you pension lifetime allowance, you may need to take a second look at whether you’re affected. Michael Roberts explains.
Just in time for our TaxAction 2016 campaign, Ayesha Ping from NW Brown is here to remind us of the extra tax breaks available for those with children in childcare. Tax-free vouchers help to ensure that it’s the babies who are bouncing – not your cheques! The UK is bucking the trend in most of Europe
You could try funnelling your income through a labyrinth of offshore companies… or you could just open ISAs, pay a little bit more into your pension and take a few other simple measures. Believe it or not, reducing your tax bill can be dead easy, and it doesn’t have to risk the wrath of HMRC.
As our TaxAction 2016 campaign gathers pace, we drop in on a typical affluent household somewhere in England… and catch them in the middle of some very odd behaviour. Sally calls from the kitchen. ‘BRYCE! The bin bag needs changing!’ Bryce, in the study upstairs, is losing a fight with a self-assembly filing cabinet. ‘Maybe