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BUDGET 2024 The Changes To Inheritance tax

The budget 2024, our new Government has decided in it's first budget to raise further income for the Treasury by increasing Inheritance Tax. Whilst the rates have not increased the existing allowances (ie nil rate bands), have been extended for a further fixed period...

A Right of Residence

A Right of Residence is something you can include in your Will If you own a house and want to make sure that someone can continue living there after your death one of your options is to create a Right of Residence for them. This will make sure that the person keeps...

It pays to be civil

Mixed sex couples can enter a Civil Partnership and enjoy most of the Tax benefits of being married. This is a legal relationship which provides some real financial benefit to those who wish to live together without getting married. The set up costs are nominal...

Live and let die

When the sun shines and life feels good the thought of dying is far from your mind. You feel as though you are going to live for ever. Unfortunately that is not the case as death is inevitable. What is even worse it is unpredictable. Many deaths reported in the press...

Airshow tragedy

What a terrible day yesterday when an aircraft at Shoreham Air Show in Sussex failed to complete a 'loop to loop' demonstration and crashed onto the busy A27 killing at least 11 people. What a tragedy for the families of those killed in the crash. Probably people out...

Political Promises –Delayed and Deferred

Care fees Cap now delayed until 2020, we are told, after the promise to introduce it next year. If you have assets totalling more than £23250 when you are admitted for permanent care then you are still expected to meet the fees in full. The only thing that will not...

A Joyous Union

Announced in the press today is the marriage of a 103 year old man with a ninety one year old woman. Great news and may they enjoy much future time together. They met about almost thirty years ago when the groom was 76. Between them they have they have 7 children and...

Rogues About

A recent case, successfully prosecuted by Nottinghamshire County Council Trading Standards team, shows  clearly that there are rogues about. An eight strong gang of crooks preyed on elderly and vulnerable people, by cold calling and  door knocking , offering to save...

Planning for Death

Death is not something we want to consider or plan for. After all we never really believe it will happen to us. It is however inevitable and even worse than that, it is unpredictable. We do plan for the future though. A job, a marriage, a house purchase, children are...

A Real Investment

If you are cashing in your pension pot under the new legislation and are looking for a real investment then why not try this? Buy a Funeral Plan at todays cost and ensure you have the funeral you wish for at no extra cost whenever you die. Recent 2013 research by the...

Political Promises

One party has promised an increase in the basic rate relief for Inheritance Tax. For married couples and civil partners they are increasing the joint thresholds from the present £650k to £1m based on the value of their residence. They herald it as a major boost for...