Media

The number of people paying inheritance tax (IHT) has fallen for the first time since 2009.  The tax generated £5.2b in 2019/20, down from £5.4b in 2018/19.  One possible reason for the reduction is the introduction of the residential nil rate band which allows families to pass on up to £1m of their estate tax free.

IHT remains a complex area, one which we believe with sensible planning can be significantly reduced.

Andy Butcher spoke to The Telegraph on the latest figures from HMRC.  The article can be accessed here.

 

If you would like to discuss your IHT position and options to reduce your liability, please do not hesitate to contact us.

Please note that you are required to register with the Telegraph for free in order to read the full article.  We are not affiliated with The Telegraph and the views and information expressed on their website are their own

Inheritance Tax is often described as a voluntary tax as there are many ways we can mitigate its impact.   One instrument that is available to all, but often overlooked, is the Deed of Variation.  Ed Froggatt discussed this option with his client, Peter, who went ahead and amended his fathers will in order to potentially save his estate up to £400,000 of inheritance tax on his death.

The Telegraph ran a feature on the advice, which can be accessed here.

If you would like to discuss your IHT position and options to reduce your liability, please do not hesitate to contact us.

Please note that you are required to register with the Telegraph for free in order to read the full article.  We are not affiliated with The Telegraph and the views and information expressed on their website are their own.

We’re delighted to announce that Latrena Petkova has been named one of the Rising Stars of 2020 by Investment Week.

In association with HSBC Global Asset Management, Investment Week looked at all aspects of diversity throughout the next generation of talent in the wealth management industry.  As an integral part of our team, we hugely appreciate Latrena’s talent and hard work, and its great to see this being recognised by a well-known industry publication.

Investment week noted “The nominations received for Investment Week’s Rising Stars series were vast and contrasted. Yet our exclusive list is able to demonstrate how many investment firms are enabling young, diverse talent to succeed.”

In the feature, Latrena says “In an industry that lacks diversity in all aspects, as a part-business owner at 33, I feel my story goes some way to show women and the BAME community that you can make your mark in the investment industry, as long as you do not allow yourself to be pigeonholed or underestimated.  I continually make efforts to push beyond the usual parameters and break through the received ‘ceiling’ in my role.  Importantly I do not believe this has been to the detriment of my home life.”

I am sure you will join us in congratulating Latrena, both on this achievement and on the recent birth of her second child, Mabel.

Read the full article here.

An integral part of our investment process is getting the asset allocation right.  Citywire publication, New Model Adviser wanted to look under the bonnet at how 3 firms manage money on behalf of their clients.  Andy Butcher took part in the Asset Allocation roundtable discussion at the end of November.  The transcript can be accessed below.

Asset Allocation Adviser Roundtable

If you would like to speak to us about your investments, please do not hesitate to contact us here.

The advice world is constantly changing.  Where will we be in 12 months’ time, or even 20 years’ time?  Andy Butcher spoke with the Citywire publication New Model Adviser about the future of advice.

You can listen to the podcast here.

If you would like to discuss any of the matters covered please feel free to get in touch.

The Residential Nil Rate Band was introduced to increase the amount of one’s estate that can passed on free from inheritance tax.  However the rules aren’t as straightforward as the could be.

Andy Butcher spoke to Harry Brennan of The Telegraph about the unnecessarily complicated rules around downsizing and the Residential Nil Rate Band.

To see the full article, click below:

How death taxes are killing the housing market

If you would like to discuss your IHT position and options to reduce your liability, please do not hesitate to contact us.

Please note that you are required to register with the Telegraph for free in order to read the full article.  We are not affiliated with The Telegraph and the views and information expressed on their website are their own.

 

The Chancellor recently commented on the current IHT framework, hinting that making changes or scrapping the tax was on his mind.

Australia reformed their death tax in 1979, and Andy Butcher spoke to the Telegraph on his preference for a similar system in the UK.

To see the full article, click below:

Australia scrapped inheritance tax 40 years ago – but did it work?

If you would like to discuss your IHT position and options to reduce your liability, please do not hesitate to contact us.

Please note that you are required to register with the Telegraph for free in order to read the full article.  We are not affiliated with The Telegraph and the views and information expressed on their website are their own.

Higher house process and a frozen nil rate band mean more people are paying IHT.  Andy Butcher provided comment to The Telegraph on the matter, arguing the main tax-free allowance (the nil rate band) should be increased.

To read the full article please click here.

If you would like to discuss your IHT position and options to reduce your liability, please do not hesitate to contact us.

Please note that you are required to register with the Telegraph for free in order to read the full article.  We are not affiliated with The Telegraph and the views and information expressed on their website are their own.

 

Over the weekend, Andy Butcher featured in the ‘Your Questions’ section of the Financial Times, answering a readers’ question on Inheritance Tax (IHT) matters.

The online article can be found here:  Will we inherit our mother’s house — or will our stepfather?

If you would like to discuss your IHT position and options to reduce your liability, please do not hesitate to contact us.

Please note that a subscription to the Financial Times is required in order to read the full article.  We are not affiliated with the Financial Times and the views and information expressed on their website are their own.

 

The Office of Tax Simplification has published a report outlining a number of recommendations to simplify the current Inheritance Tax (IHT) framework.  Andy Butcher spoke to The Telegraph on the ‘game changing’ proposals.

The article can be found here:  How ‘game-changing’ inheritance tax plans would help fast-track the young onto housing ladder

If you would like to discuss your IHT position and options to reduce your liability, please do not hesitate to contact us.

Please note that you are required to register with the Telegraph for free in order to read the full article.  We are not affiliated with The Telegraph and the views and information expressed on their website are their own.