No one should be without a financial plan.
Read our guide to get started.SHARE:
This issue details:
New minimum wages rates, New Apprenticeship funding, Property wealth v savings and pensions, IHT receipts
This months articles:
Changes to business rates, Part time Self Employments, Help to Buy ISAs, Small Firms spent 10% of day chasing debtSHARE:
With the new 7.5% Dividend tax starting on the 6 April 2016 we have prepared some guidance on what to consider when declaring/taking your dividend in 2015/16 and 2016/17. Down load it by clicking here.SHARE:
Thousands of families who set up “discretionary trusts” so they could leave property to children in a tax-efficient manner will miss out on the Government’s valuable new inheritance tax allowance unless they make significant changes to their will, it has been warned.
Homes left to children through a discretionary trust will not benefit from the “family home allowance”, worth up to £350,000 per couple from 2020, because assets do not pass directly to children. Discretionary trusts – the most common form of trust – were widely used in the past to minimise inheritance tax (IHT).SHARE: