Author Archives: bwmwp

As a result of the new restrictions on Pension contributions and the potential suspension of contributions under fixed protection (2016), financial advisors are seeing a marked increase in enquiries relating to Venture Capital Trusts (VCT’s). VCT’s are a popular way of investing into smaller UK Companies and specialists firms can assist in selecting a portfolio … Continued

Are you afraid you have left Inheritance Tax Planning too late? Are you perhaps faced with an illness which means you have a reduced life expectancy and you are concerned about your exposure to IHT? Don’t rule out planning now – there are specialist IHT solutions that may assist you. Some achieve IHT efficiency after … Continued

HMRC has this week launched its new worldwide disclosure facility (WDF), enabling taxpayers with undeclared offshore income or assets to make a notification and full disclosure online via the new digital disclosure service. From the end of September 2016, HMRC will start to receive financial account information automatically from the UK’s Crown Dependencies and overseas … Continued

Inheritance tax (IHT) receipts totalled £4.7 billion in 2015/16, a 22% increase on the previous year. Without taking inflation into account, this is the highest receipts have been since the IHT system was introduced in 1986. The Office for National Statistics cites several reasons for the rise: Property prices Property makes up around 30% of … Continued

69% of over-45 homeowners say that their home is worth more than their pensions, savings and investments combined, research by Aviva has found. Important findings: 46% see their property wealth as a key part of their retirement income 23% are worried about paying off their loans 33% do not think they will have paid off … Continued