It’s never too early to start planning for tax-year end, as Adrian Walker explains.
By introducing FATCA, the US hopes to gather a sizeable amount of tax owed by US persons. Gordon Andrews tells us more.
Building a decent retirement income. In our short video for use with your client, resident pension experts Jim Jarvie and Jon Hogg, explains how climbing the retirement mountain has become more of a challenge and that success will take careful planning and getting the right kind of expert advice, from an experienced financial adviser.Download video transcript
This simple guide is designed to help you fill in all relevant information on the attached table to enable you to calculate unused Carry Forward allowances.
In simple terms a pension input period (PIP) is a period over which pension accrual is measured to determine whether an individual has exceeded the annual allowance in a particular tax year. It works on the principle of how much was saved from the start of the pension input period to the end of the pension input period.
In guidance published on 6 August 2013, HM Revenue & Customs (HMRC) set out its view on the basis that should be used for Discounted Gift Scheme calculations in future.
Its outcome was that from 1 December 2013 discounts calculated for new discounted gift schemes have to be gender neutral. At the same time the interest rate used to take account of the effect of inflation on the settlor’s fund would be reduced to 4.5%.
The Budget on 21 March 2012 introduced important changes to tax rules around qualifying policies. Here is a summary of the changes and how they affect new and existing policies.
Much has been made of the outcomes of HMRC’s confirmation that rebates to customers on platforms should always have been taxed. Fiona Morrison explains what this means for investors.
This article is designed to discuss the detail of chargeable gains and show what it is, when it applies and who it applies to. This will be laid out with a general overview and then subsections dealing with each scenario. This article deals with individuals and trusts and does not include corporate gains.
Financial Planning Solutions
This document is designed to explain what the PPFM is and how it relates to with-profits policies.
The aim of this article is to explain how deeds of variation can be used to alter the position of a deceased person’s estate and how to register a deed of variation with HM Revenue & Customs (HMRC) in the UK.
This article looks at the published proposals by HM Revenue & Customs (HMRC) for simplifying the Inheritance Tax (IHT) Taxation of Trusts.
Various exemptions are available to individuals who wish to give assets away so that they are immediately no longer included in their ‘estate’ for inheritance tax (IHT) purposes.
This financial planning tool provides two calculations. One calculates the capital gain on a given withdrawal from an investment while the other calculates the amount of withdrawal which can be made when looking to utilise an individual’s or trustee’s available capital gains tax (CGT) exemption.
This financial planning tool has been designed to demonstrate how a UK authorised investment fund (collective) and a single premium investment bond can be used together to create tax-efficient withdrawals.