Major changes to Inheritance Tax rules mean your pension pots could be raided even if you haven't reached retirement age yet. Under current rules, there is no Inheritance Tax to pay if you inherit a ...
You may have heard about the so-called “great wealth transfer.” In fact, according to Cerulli Associates, around $124 trillion in assets will change hands through 2048. When it comes to your personal ...
When my aunt died unexpectedly, she left me a $20,000 inheritance. I was thankful she thought of me in her estate planning and decided to use it for travel. I've always wanted to travel, and the trips ...
Inheritance tax relief on Aim shares was halved in last year’s Budget. This means that, from April next year, the effective inheritance tax rate on qualifying Aim shares that have been held for at ...
More people than ever are looking for ways to lower their loved ones’ inheritance tax bills, according to financial advisers. Yet one simple method has been flying under the radar. A significant ...
Rachel Reeves has been accused of “coming for your family’s future” with a possible inheritance tax raid – but a former Treasury adviser has warned the changes still won’t be enough to fill the £50bn ...
I have a parent who passed many years ago when I was still in college. I grew up in what I would call an upper-middle class household. But as I’ve gotten older, I’ve realized I did in fact grow up in ...
Chancellor Rachel Reeves is reportedly exploring changes to inheritance tax as she battles to plug a hole in the public finances. Officials are said to be examining whether tightening rules around the ...
Rachel Reeves hit back at MPs blaming Labour for higher borrowing costs. Rachel Reeves is exploring measures to extract more revenue from inheritance tax (IHT) ahead of the Autumn Budget, as she looks ...
The Treasury is reportedly considering tightening the rules around inheritance tax as part of an attempt to plug a £50bn black hole in the public finances. Officials are thought to be looking at ...
Rachel Reeves could be poised to bring in further alterations to inheritance tax, according to a report, which might include a potential limit on lifetime gifting. Under existing regulations, should ...