Talking about money with your children can be a difficult task for many parents. However, while such discussions may be uncomfortable, this taboo mentality can cause problems when it comes to transferring wealth from one generation to the next. Indeed, the only real way to ensure children are ready to take on financial responsibility is […]
Are you reluctant to make a lump sum investment in case the timing is wrong? It’s been both a rollercoaster and a trip to nowhere for the FTSE 100 index in recent years. The fluctuations can be seen in the graph above showing the performance of the top 100 companies listed on the […]
The planned reform of probate fees in England and Wales has been scrapped. A year ago the government tabled proposals to increase the level of probate fees in England and Wales. The idea was to move from the current single fee approach (£155 via a solicitor, £215 otherwise) to a sliding scale, based on estate […]
When you look at your annual tax statement, have you ever wondered about the overall cost of the tax reliefs you enjoy? HMRC has published its latest annual assessment of the cost of various tax reliefs, and there are some eye-opening numbers. If you were the Chancellor of the Exchequer, looking for a way to […]
Venture Capital Trusts have started their fundraising for 2019/20. There was a time when tax year end planning didn’t begin until well after the New Year festivities were over and a March Budget was nearing. This rhythm has now shifted. The last months of the tax year are still important, as they are […]
It’s worth reminding yourself of the Financial Conduct Authority’s (FCA) advice regarding staying safe from scams taking advantage of Brexit. On leaving the EU, because most UK financial services regulation is drawn from EU directives, the government requires financial services companies to proactively contact anyone likely to be affected. For example, transfers of money to […]
