Inheritance Tax Planning

Lasting powers of attorney

What can I do if I am not able to manage my affairs? You may be worried about what happens to your assets during your lifetime if you are unable to deal with them because of ill health, or perhaps you quite simply do not want to. Lasting powers of...

What happens if you don't have a power of attorney?

If you no longer have the capacity to make decisions for yourself and you do not have a power of attorney, then someone will have to apply to the Court of Protection to become your deputy. There are two types of application that can be made to the Court of...

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...

Growing and protecting your money - free seminar

If you are looking for good ideas about how to invest and grow your money, Birkett Long, legal and independent financial services firm, is staging a free seminar in Colchester and Stock. Paul Chilver, a financial planner with the firm, says people...

Growing and protecting your money

With the Bank of England base interest rate held at a record low level of 0.5% for over four years, bank and building society savings account interest rates remain unattractive. Investors with bank and building society Cash Individual Savings Accounts...

Have your cake and eat it

Gifts that mitigate tax As you may have seen on page 1, four brave members of Birkett Long entered the Trailwalker UK 2012 in aid of Oxfam and the Gurkha Welfare Trust.  This gruelling walk involved trekking 100km across the South Downs in less than...

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...

Tax planning in general terms applicable to 2011

Employers should utilise salary sacrifice for their employees making pension contributions to an employer's pension scheme to contra rises in both the rate of Primary and Secondary Class 1 National Insurance. Third party pension contributions - this...

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...