Inheritance Tax Planning

Duties of a trustee

A trustee is an individual who acts as a caretaker for assets held within a trust. They are responsible for managing the finances of the trust in accordance with the instructions given when the trust was originally created.  It is important that a...

Family disputes - how can you settle arguments over inheritance?

In recent years the number of people contesting wills has increased dramatically. One reason is that it is common for families today to be structured in a less traditional way. Second marriages are more common than they were in previous generations and it is...

ISA changes - It's all change for ISA rules and investment limits

On 19 March 2014 in the Government’s 2014 Budget the Chancellor, George Osborne, surprised the Financial Services industry by announcing major changes to the Individual Savings Account (ISA) rules.  It was announced that ISAs would be reformed...

Action for the start of new 2012/2013 tax year commencing 6 April 2012

Mike Cracknell from Birkett Long examines how you can make the most of tax efficient financial planning opportunities before the current tax year ends on 5 April 2012 and the new year commences 6 April 2012. 1. Make the most of Individual Savings Accounts...

Action before tax year end 5 April 2011

For individuals with a "relevant income" of £130,000 or more (i.e. effected by the "anti-forestalling rules") for the 2010/2011 tax year, to make gross pension contributions to the value of £20,000 or £30,000, as...

Top Tax Tips

The current 2008/09 tax year will be remembered for an unprecedented series of financial and economic events. With Bank solvencies, cash flow and in some instances merely financial survival in the foremost thoughts of many, it is more important than ever to...