Wealth management news
Financial Fraud: Safeguarding Your Assets
In today's digital age, financial transactions and personal information are exchanged more rapidly and conveniently than ever before. Whilst this is a positive move for convenience it has also led to a surge in fraud, which can have devastating consequences for...
Average inheritance tax bill reaches £214K
With house prices soaring, more estates are now being subject to inheritance tax as the average inheritance tax bill reaches £214K. In the 2020-21 tax year, inheritance tax was charged on 27,000 estates. An increase of 4,000 compared to the previous year. This raised...
How can careful estate planning reduce inheritance tax?
Could you Legally save £100,000’s on your estate? In the last tax year, £6.1bn was paid to HMRC in Inheritance Tax (IHT) payments - £700m higher than the previous tax year and according to the Office for Budget Responsibility Economic & Fiscal outlook, this figure...