Professional Adviser www.professionaladviser.com Majority of advisers think NI cut will not boost pensions savings <img alt="Majority of advisers think NI cut will not boost pensions savings " src="https://www.professionaladviser.com/api/v1/wps/644242b/0d49948b-ab65-4349-8935-70de16765395/14/iStock-1026540484-185x114.jpg" /> <p><!--summary start--> Only one in ten advisers think the National Insurance (NI) cut will lead to a boost in pensions savings, M&G Wealth has found. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/644242b/0d49948b-ab65-4349-8935-70de16765395/14/iStock-1026540484-185x114.jpg https://www.professionaladviser.com/news/4184016/majority-advisers-ni-cut-boost-pensions-savings https://www.professionaladviser.com/news/4184016/majority-advisers-ni-cut-boost-pensions-savings https://www.professionaladviser.com/news/4184016/majority-advisers-ni-cut-boost-pensions-savings Mon, 11 Mar 2024 10:51:05 +0000 Partner Insight: Royal London's Fiona Hanrahan — 'Your top tax year end questions answered' <img alt="Partner Insight: Royal London&#39;s Fiona Hanrahan — &#39;Your top tax year end questions answered&#39; " src="https://www.professionaladviser.com/api/v1/wps/ecc058e/f6ee8a71-9592-41ed-8ba9-b1dc5f8f006c/15/Fiona-Hanrahan-185x114.jpg" /> <p><!--summary start--> <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/ecc058e/f6ee8a71-9592-41ed-8ba9-b1dc5f8f006c/15/Fiona-Hanrahan-185x114.jpg https://www.professionaladviser.com/sponsored/4168828/royal-london-pa-23-fiona-hanrahan-tax-end-questions-answered https://www.professionaladviser.com/sponsored/4168828/royal-london-pa-23-fiona-hanrahan-tax-end-questions-answered https://www.professionaladviser.com/sponsored/4168828/royal-london-pa-23-fiona-hanrahan-tax-end-questions-answered Thu, 8 Feb 2024 08:02:52 +0000 Market Movers: Israel-Hamas drives investors to safe haven assets <img alt="Market Movers: Israel-Hamas drives investors to safe haven assets" src="https://www.professionaladviser.com/api/v1/wps/05daaf1/9cb23db7-d841-4d16-9041-aa4ef4748cdd/27/iStock-1262967772-185x114.jpg" /> <p><!--summary start--> <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/05daaf1/9cb23db7-d841-4d16-9041-aa4ef4748cdd/27/iStock-1262967772-185x114.jpg https://www.professionaladviser.com/news/4053643/market-movers-blog https://www.professionaladviser.com/news/4053643/market-movers-blog https://www.professionaladviser.com/news/4053643/market-movers-blog Tue, 10 Oct 2023 06:31:21 +0000 Treasury collects £2bn in 12 weeks as IHT receipts continue to soar <img alt="Treasury collects £2bn in 12 weeks as IHT receipts continue to soar" src="https://www.professionaladviser.com/api/v1/wps/3017a77/8c05d9fa-d88d-471a-9242-2a7c05a673c6/7/iStock-1302801668-2-roi-2-185x114.jpg" /> <p><!--summary start--> A total £2bn was raked in by the government in the form of inheritance tax (IHT) between April and June – £0.2bn more than at this time last year according to HM Revenue & Customs (HMRC). <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/3017a77/8c05d9fa-d88d-471a-9242-2a7c05a673c6/7/iStock-1302801668-2-roi-2-185x114.jpg https://www.professionaladviser.com/news/4120625/treasury-collects-gbp2bn-weeks-iht-receipts-continue-soar https://www.professionaladviser.com/news/4120625/treasury-collects-gbp2bn-weeks-iht-receipts-continue-soar https://www.professionaladviser.com/news/4120625/treasury-collects-gbp2bn-weeks-iht-receipts-continue-soar Fri, 21 Jul 2023 07:13:58 +0000 Frozen tax thresholds bite as 55% more pay additional rate  <img alt="Frozen tax thresholds bite as 55% more pay additional rate " src="https://www.professionaladviser.com/api/v1/wps/ae27255/31cb31cb-67b9-43f2-838a-9b1baf6143a2/1/iStock-1185187459-185x114.jpg" /> <p><!--summary start--> The number of people who pay additional rate tax on their income has reached its highest level ever at 862,000, according to latest government figures.   <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/ae27255/31cb31cb-67b9-43f2-838a-9b1baf6143a2/1/iStock-1185187459-185x114.jpg https://www.professionaladviser.com/news/4119149/frozen-tax-thresholds-bite-55-pay-additional-rate https://www.professionaladviser.com/news/4119149/frozen-tax-thresholds-bite-55-pay-additional-rate https://www.professionaladviser.com/news/4119149/frozen-tax-thresholds-bite-55-pay-additional-rate Thu, 29 Jun 2023 14:07:28 +0000 Advisers and clients say financial decision-making getting harder <img alt="Advisers and clients say financial decision-making getting harder" src="https://www.professionaladviser.com/api/v1/wps/ea49d0f/6946d1fa-be0a-4cb0-82b8-3cd9e68ac768/1/iStock-899346734-185x114.jpg" /> <p><!--summary start--> Both advisers and their clients feel financial decision-making has become harder during the past five years as political and economic uncertainty continues to dominate, research has found. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/ea49d0f/6946d1fa-be0a-4cb0-82b8-3cd9e68ac768/1/iStock-899346734-185x114.jpg https://www.professionaladviser.com/news/4117312/advisers-clients-financial-decision-getting-harder https://www.professionaladviser.com/news/4117312/advisers-clients-financial-decision-getting-harder https://www.professionaladviser.com/news/4117312/advisers-clients-financial-decision-getting-harder Tue, 6 Jun 2023 14:20:07 +0000 Are retirement savers missing a trick with the lifetime ISA? <img alt="Are retirement savers missing a trick with the lifetime ISA?" src="https://www.professionaladviser.com/api/v1/wps/e91c94c/0299a318-5c93-4d6d-a714-cddc6aadea22/8/iStock-1355078786-185x114.jpg" /> <p><!--summary start--> Laith Khalaf looks at the lifetime ISA's track record and asks if it should be better utilised when saving for retirement... <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/e91c94c/0299a318-5c93-4d6d-a714-cddc6aadea22/8/iStock-1355078786-185x114.jpg https://www.professionaladviser.com/opinion/4114513/retirement-savers-missing-trick-lifetime-isa https://www.professionaladviser.com/opinion/4114513/retirement-savers-missing-trick-lifetime-isa https://www.professionaladviser.com/opinion/4114513/retirement-savers-missing-trick-lifetime-isa Thu, 18 May 2023 11:10:24 +0000 Why gifting to charities on death is a discussion worth having <img alt="Why gifting to charities on death is a discussion worth having" src="https://www.professionaladviser.com/api/v1/wps/0cbd8f4/1381a460-8ae8-4322-a5a9-f20a6529fe41/6/iStock-1396852961-185x114.jpg" /> <p><!--summary start--> Leaving money to charity in a will comes with IHT benefits, explains Neil MacGillivray <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/0cbd8f4/1381a460-8ae8-4322-a5a9-f20a6529fe41/6/iStock-1396852961-185x114.jpg https://www.professionaladviser.com/opinion/4112417/gifting-charities-death-discussion-worth https://www.professionaladviser.com/opinion/4112417/gifting-charities-death-discussion-worth https://www.professionaladviser.com/opinion/4112417/gifting-charities-death-discussion-worth Wed, 26 Apr 2023 06:36:57 +0000 The split: How business assets divided on divorce <img alt="The split: How business assets divided on divorce" src="https://www.professionaladviser.com/api/v1/wps/1086a7e/435b2077-c9c6-4f1d-83ca-423ac5fc4430/9/MariaMulroe-22-185x114.jpg" /> <p><!--summary start--> Dividing business assets on divorce is complex and is not a simple 50/50 division. Lawyer Maria Mulroe explains... <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/1086a7e/435b2077-c9c6-4f1d-83ca-423ac5fc4430/9/MariaMulroe-22-185x114.jpg https://www.professionaladviser.com/opinion/4111753/split-business-assets-divided-divorce https://www.professionaladviser.com/opinion/4111753/split-business-assets-divided-divorce https://www.professionaladviser.com/opinion/4111753/split-business-assets-divided-divorce Tue, 18 Apr 2023 06:54:27 +0000 M&G Wealth adds CGT planning software to its platform <img alt="M&amp;G Wealth adds CGT planning software to its platform" src="https://www.professionaladviser.com/api/v1/wps/86f2355/c222e9fe-022f-4303-b5d0-44f1872034a7/1/iStock-1329345098-185x114.jpg" /> <p><!--summary start--> M&G Wealth has added capital gains tax (CGT) software to its platform to assist advisers with complex calculations. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/86f2355/c222e9fe-022f-4303-b5d0-44f1872034a7/1/iStock-1329345098-185x114.jpg https://www.professionaladviser.com/news/4087344/wealth-adds-cgt-planning-software-platform https://www.professionaladviser.com/news/4087344/wealth-adds-cgt-planning-software-platform https://www.professionaladviser.com/news/4087344/wealth-adds-cgt-planning-software-platform Tue, 28 Mar 2023 07:02:40 +0000 Spring Budget 23: Persistent tax avoidance promoters face charges <img alt="Spring Budget 23: Persistent tax avoidance promoters face charges" src="https://www.professionaladviser.com/api/v1/wps/c637f40/c24f08a5-4f52-4aff-a291-b65a8671464f/7/Spring-Budget-2023-Jeremy-hunt-3-CC-185x114.jpg" /> <p><!--summary start--> Promotors of tax avoidance who fail to stop their activities once ordered to do so by HM Revenue & Customs (HMRC) could face criminal prosecution, Budget documents state. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/c637f40/c24f08a5-4f52-4aff-a291-b65a8671464f/7/Spring-Budget-2023-Jeremy-hunt-3-CC-185x114.jpg https://www.professionaladviser.com/news/4080554/spring-budget-23-persistent-tax-avoidance-promoters-charges https://www.professionaladviser.com/news/4080554/spring-budget-23-persistent-tax-avoidance-promoters-charges https://www.professionaladviser.com/news/4080554/spring-budget-23-persistent-tax-avoidance-promoters-charges Wed, 15 Mar 2023 13:59:12 +0000 Minimising CGT: Avoiding second property tax woes <img alt="Minimising CGT: Avoiding second property tax woes" src="https://www.professionaladviser.com/api/v1/wps/c0bbe48/8c57b743-42ab-49b5-bec2-4ad951277408/5/neil-macgillivray-new-2016-edited-version-1-185x114.jpeg" /> <p><!--summary start--> Neil MacGillivray explores the opportunities to minimise CGT in relation is second properties... <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/c0bbe48/8c57b743-42ab-49b5-bec2-4ad951277408/5/neil-macgillivray-new-2016-edited-version-1-185x114.jpeg https://www.professionaladviser.com/opinion/4076716/minimising-cgt-avoiding-property-tax-woes https://www.professionaladviser.com/opinion/4076716/minimising-cgt-avoiding-property-tax-woes https://www.professionaladviser.com/opinion/4076716/minimising-cgt-avoiding-property-tax-woes Wed, 1 Mar 2023 07:30:55 +0000 CGT receipts of £13.2bn in January reveal 24% year-on-year increase <img alt="CGT receipts of £13.2bn in January reveal 24% year-on-year increase" src="https://www.professionaladviser.com/api/v1/wps/346df4f/60ac8580-acee-4b86-bc5b-795b3f082735/1/iStock-1432392923-185x114.jpg" /> <p><!--summary start--> Capital gains tax (CGT) receipts hit £13.2bn in January, the highest figure on record, latest statistics from HM Revenue & Customs (HMRC) show. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/346df4f/60ac8580-acee-4b86-bc5b-795b3f082735/1/iStock-1432392923-185x114.jpg https://www.professionaladviser.com/news/4076418/cgt-receipts-gbp-2bn-january-reveal-increase https://www.professionaladviser.com/news/4076418/cgt-receipts-gbp-2bn-january-reveal-increase https://www.professionaladviser.com/news/4076418/cgt-receipts-gbp-2bn-january-reveal-increase Tue, 21 Feb 2023 14:42:36 +0000 IHT receipts rise 15% year-on-year as tax take reaches £5.9bn <img alt="IHT receipts rise 15% year-on-year as tax take reaches £5.9bn" src="https://www.professionaladviser.com/api/v1/wps/555880d/2640f479-ad4e-4d0d-a071-eaf801af9e2c/4/iStock-1131853523-185x114.jpg" /> <p><!--summary start--> Inheritance tax (IHT) receipts for April 2022 to January 2023 were £5.9bn, according to latest HM Revenue & Customs (HMRC) figures, which is £0.9bn higher than the same period a year previously.   <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/555880d/2640f479-ad4e-4d0d-a071-eaf801af9e2c/4/iStock-1131853523-185x114.jpg https://www.professionaladviser.com/news/4076358/iht-receipts-rise-tax-reaches-gbp-9bn https://www.professionaladviser.com/news/4076358/iht-receipts-rise-tax-reaches-gbp-9bn https://www.professionaladviser.com/news/4076358/iht-receipts-rise-tax-reaches-gbp-9bn Tue, 21 Feb 2023 07:54:27 +0000 Industry Voice: Sell now or more tax later — capital gains tax planning <img alt="Industry Voice: Sell now or more tax later — capital gains tax planning " src="https://www.professionaladviser.com/api/v1/wps/f4bee34/c52d8cb5-ec98-4d09-9424-e6a4d13202a2/7/Clare-Moffat-large-185x114.jpg" /> <p><!--summary start--> <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/f4bee34/c52d8cb5-ec98-4d09-9424-e6a4d13202a2/7/Clare-Moffat-large-185x114.jpg https://www.professionaladviser.com/sponsored/4074301/royal-london-pa-sell-tax-capital-gains-tax-planning https://www.professionaladviser.com/sponsored/4074301/royal-london-pa-sell-tax-capital-gains-tax-planning https://www.professionaladviser.com/sponsored/4074301/royal-london-pa-sell-tax-capital-gains-tax-planning Mon, 20 Feb 2023 07:31:13 +0000 Bed and ISA transactions jump ahead of tax year end <img alt="Bed and ISA transactions jump ahead of tax year end " src="https://www.professionaladviser.com/api/v1/wps/d64d3a2/8e119385-1e19-497d-998d-b47af50a823d/2/iStock-1451754709-185x114.jpg" /> <p><!--summary start--> Bed and ISA applications for online platform interactive investor surged in January as clients are rushing in ahead of cuts to capital gains tax (CGT) and dividend tax thresholds. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/d64d3a2/8e119385-1e19-497d-998d-b47af50a823d/2/iStock-1451754709-185x114.jpg https://www.professionaladviser.com/news/4074465/bed-isa-transactions-jump-ahead-tax-end https://www.professionaladviser.com/news/4074465/bed-isa-transactions-jump-ahead-tax-end https://www.professionaladviser.com/news/4074465/bed-isa-transactions-jump-ahead-tax-end Wed, 15 Feb 2023 07:56:44 +0000 Rising IHT receipts on track for 'record-breaking' year <img alt="Rising IHT receipts on track for &#39;record-breaking&#39; year" src="https://www.professionaladviser.com/api/v1/wps/245b90d/4b6df291-063b-414a-9741-f7ed70a7b43c/3/iStock-1313400384-2-185x114.jpg" /> <p><!--summary start--> The government netted £5.3bn from inheritance tax (IHT) between April and December 2022, which was £0.7bn higher than in the same period a year earlier, latest official statistics show. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/245b90d/4b6df291-063b-414a-9741-f7ed70a7b43c/3/iStock-1313400384-2-185x114.jpg https://www.professionaladviser.com/news/4064099/rising-iht-receipts-track-‘record-breaking https://www.professionaladviser.com/news/4064099/rising-iht-receipts-track-‘record-breaking https://www.professionaladviser.com/news/4064099/rising-iht-receipts-track-‘record-breaking Tue, 24 Jan 2023 07:52:12 +0000 Hunt rumoured to outline £60bn in tax rises and spending cuts <img alt="Hunt rumoured to outline £60bn in tax rises and spending cuts" src="https://www.professionaladviser.com/api/v1/wps/e42fa64/f2ba22bb-0211-438f-a52d-bc3ac28937c6/1/Jeremy-Hunt-22-185x114.jpg" /> <p><!--summary start--> Chancellor Jeremy Hunt is set to role out spending cuts totalling £60bn at the Autumn Budget under current plans, including at least £35bn in cuts. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/e42fa64/f2ba22bb-0211-438f-a52d-bc3ac28937c6/1/Jeremy-Hunt-22-185x114.jpg https://www.professionaladviser.com/news/4059678/hunt-rumoured-outline-gbp60bn-tax-rises-spending-cuts https://www.professionaladviser.com/news/4059678/hunt-rumoured-outline-gbp60bn-tax-rises-spending-cuts https://www.professionaladviser.com/news/4059678/hunt-rumoured-outline-gbp60bn-tax-rises-spending-cuts Mon, 23 Jan 2023 12:20:41 +0000 Tax advice opportunities rise as 1.5 million face push to higher bands <img alt="Tax advice opportunities rise as 1.5 million face push to higher bands" src="https://www.professionaladviser.com/api/v1/wps/a563afd/cc4c7395-76c8-4099-8acd-096f8922361f/2/iStock-544821668-185x114.jpg" /> <p><!--summary start--> Seeking tax advice will be more crucial than every with a freedom of information (FOI) request showing almost 1.5 million people set to be pushed unto higher tax bands by 2027. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/a563afd/cc4c7395-76c8-4099-8acd-096f8922361f/2/iStock-544821668-185x114.jpg https://www.professionaladviser.com/news/4063158/tax-advice-opportunities-rise-million-push-bands https://www.professionaladviser.com/news/4063158/tax-advice-opportunities-rise-million-push-bands https://www.professionaladviser.com/news/4063158/tax-advice-opportunities-rise-million-push-bands Mon, 23 Jan 2023 10:45:41 +0000 HMRC more than doubles interest rate on overdue IHT to 6% <img alt="HMRC more than doubles interest rate on overdue IHT to 6%" src="https://www.professionaladviser.com/api/v1/wps/5d60288/73bcad23-93e4-4c43-80c1-9a4e2e8cd168/3/iStock-641350496-1-185x114.jpg" /> <p><!--summary start--> The interest rate charged on overdue inheritance tax (IHT) will increase to 6%, which is more than double the rate at the start of last year, according to the latest figures from HM Revenue & Customs (HMRC). <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/5d60288/73bcad23-93e4-4c43-80c1-9a4e2e8cd168/3/iStock-641350496-1-185x114.jpg https://www.professionaladviser.com/news/4062329/hmrc-doubles-interest-rate-overdue-iht https://www.professionaladviser.com/news/4062329/hmrc-doubles-interest-rate-overdue-iht https://www.professionaladviser.com/news/4062329/hmrc-doubles-interest-rate-overdue-iht Fri, 6 Jan 2023 12:23:28 +0000 How diversification can support the value of a client's legacy <img alt="How diversification can support the value of a client&#39;s legacy" src="https://www.professionaladviser.com/api/v1/wps/beb7aea/631847bf-1882-4965-94c2-755bfc7d33ed/4/iStock-1209272681-185x114.jpg" /> <p><!--summary start--> Jack Rose urges advisers to consider the merits of business relief when planning to protect a client's legacy <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/beb7aea/631847bf-1882-4965-94c2-755bfc7d33ed/4/iStock-1209272681-185x114.jpg https://www.professionaladviser.com/opinion/4061736/diversification-support-value-clients-legacy https://www.professionaladviser.com/opinion/4061736/diversification-support-value-clients-legacy https://www.professionaladviser.com/opinion/4061736/diversification-support-value-clients-legacy Tue, 20 Dec 2022 15:34:34 +0000 Inheritance tax receipts up £0.5bn, HRMC figures reveal <img alt="Inheritance tax receipts up £0.5bn, HRMC figures reveal" src="https://www.professionaladviser.com/api/v1/wps/9108db3/94a06943-7580-4c54-88af-58cac4cb10f2/1/iStock-641350496-185x114.jpg" /> <p><!--summary start--> Inheritance tax (IHT) receipts for April 2022 to October 2022 were £4.1bn, which is £0.5bn higher than in the same period 12 months earlier, latest data from HM Revenue & Customs (HMRC) revealed. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/9108db3/94a06943-7580-4c54-88af-58cac4cb10f2/1/iStock-641350496-185x114.jpg https://www.professionaladviser.com/news/4060590/inheritance-tax-receipts-gbp-5bn-hrmc-figures-reveal https://www.professionaladviser.com/news/4060590/inheritance-tax-receipts-gbp-5bn-hrmc-figures-reveal https://www.professionaladviser.com/news/4060590/inheritance-tax-receipts-gbp-5bn-hrmc-figures-reveal Tue, 22 Nov 2022 11:01:53 +0000 Autumn Statement 22: Hunt defends retention of non-dom tax regime <img alt="Autumn Statement 22: Hunt defends retention of non-dom tax regime" src="https://www.professionaladviser.com/api/v1/wps/e9b7ff6/43e4c5d8-170f-4a0b-a8b5-eba61f5fdffe/6/iStock-528863703-2-roi-5-185x114.jpg" /> <p><!--summary start--> Chancellor Jeremy Hunt has defended the UK's non-domicile tax regime this morning (18 November) after no action was taken on the contentious issue in the 2022 Autumn Statement. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/e9b7ff6/43e4c5d8-170f-4a0b-a8b5-eba61f5fdffe/6/iStock-528863703-2-roi-5-185x114.jpg https://www.professionaladviser.com/news/4060450/autumn-statement-22-hunt-defends-dom-tax-regime-action https://www.professionaladviser.com/news/4060450/autumn-statement-22-hunt-defends-dom-tax-regime-action https://www.professionaladviser.com/news/4060450/autumn-statement-22-hunt-defends-dom-tax-regime-action Fri, 18 Nov 2022 12:28:19 +0000 Autumn Statement 22: Freeze on income tax thresholds extended <img alt="Autumn Statement 22: Freeze on income tax thresholds extended" src="https://www.professionaladviser.com/api/v1/wps/e4597f3/2660850f-d798-4cc0-9a38-9136b06c94ca/1/171122-Jeremy-Hunt-Autumn-Statement-CC-2-185x114.jpg" /> <p><!--summary start--> Jeremy Hunt has announced an income tax threshold freeze in his Autumn Statement today (17 November). <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/e4597f3/2660850f-d798-4cc0-9a38-9136b06c94ca/1/171122-Jeremy-Hunt-Autumn-Statement-CC-2-185x114.jpg https://www.professionaladviser.com/news/4060381/autumn-statement-22-freeze-income-tax-thresholds-extended https://www.professionaladviser.com/news/4060381/autumn-statement-22-freeze-income-tax-thresholds-extended https://www.professionaladviser.com/news/4060381/autumn-statement-22-freeze-income-tax-thresholds-extended Thu, 17 Nov 2022 12:54:47 +0000 Autumn Statement 22: Inheritance tax freeze to stay in place until 2028 <img alt="Autumn Statement 22: Inheritance tax freeze to stay in place until 2028" src="https://www.professionaladviser.com/api/v1/wps/23267de/e7ab1831-c929-4080-bf0c-82d3a0332600/2/whitehall-downing-street-185x114.jpg" /> <p><!--summary start--> The inheritance tax (IHT) freeze will remain in place until 2028 as part of what chancellor Jeremy Hunt has called a range of “difficult decisions” around tax needed to stabilise Britain’s troubled economy. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/23267de/e7ab1831-c929-4080-bf0c-82d3a0332600/2/whitehall-downing-street-185x114.jpg https://www.professionaladviser.com/news/4060373/autumn-statement-22-inheritance-tax-freeze-stay-2028 https://www.professionaladviser.com/news/4060373/autumn-statement-22-inheritance-tax-freeze-stay-2028 https://www.professionaladviser.com/news/4060373/autumn-statement-22-inheritance-tax-freeze-stay-2028 Thu, 17 Nov 2022 12:04:59 +0000 IHT bill of £3.5bn is govt attempt to plug holes, industry says <img alt="IHT bill of £3.5bn is govt attempt to plug holes, industry says" src="https://www.professionaladviser.com/api/v1/wps/cadb60a/4f84024b-bac9-4385-a0e2-849e232ed09f/3/iStock-1329345098-185x114.jpg" /> <p><!--summary start--> The overall government tax take for the first half of 2022/23 has hit £3.5bn aided by £557m in inheritance tax (IHT) brought into HM Treasury during September, HM Revenue & Customs (HMRC) data reveals. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/cadb60a/4f84024b-bac9-4385-a0e2-849e232ed09f/3/iStock-1329345098-185x114.jpg https://www.professionaladviser.com/news/4058576/iht-gbp-5bn-govt-attempt-plug-holes-industry https://www.professionaladviser.com/news/4058576/iht-gbp-5bn-govt-attempt-plug-holes-industry https://www.professionaladviser.com/news/4058576/iht-gbp-5bn-govt-attempt-plug-holes-industry Fri, 21 Oct 2022 07:15:47 +0000 IFAs challenging clients on living inheritances despite care cost bite <img alt="IFAs challenging clients on living inheritances despite care cost bite" src="https://www.professionaladviser.com/api/v1/wps/cb27c66/ea150db0-fb5e-4b80-b30f-1ea25bf473da/3/iStock-1295849229-185x114.jpg" /> <p><!--summary start--> Clients’ failure to consider how long they will live and the likely need to pay for care are driving IFAs to feel they must challenge clients about giving living inheritances, according to Just Group. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/cb27c66/ea150db0-fb5e-4b80-b30f-1ea25bf473da/3/iStock-1295849229-185x114.jpg https://www.professionaladviser.com/news/4058324/ifas-challenging-clients-living-inheritances-despite-care-cost-bite https://www.professionaladviser.com/news/4058324/ifas-challenging-clients-living-inheritances-despite-care-cost-bite https://www.professionaladviser.com/news/4058324/ifas-challenging-clients-living-inheritances-despite-care-cost-bite Tue, 18 Oct 2022 10:04:19 +0000 Mini Budget 22: Extended VCT tax relief 'welcomed' <img alt="Mini Budget 22: Extended VCT tax relief &#39;welcomed&#39;" src="https://www.professionaladviser.com/api/v1/wps/8edc448/5427146d-c281-494b-9097-c051d5390a88/17/compensation-185x114.jpg" /> <p><!--summary start--> In today’s (23 September) Mini Budget, the chancellor revealed plans to renew both the Enterprise and Seed Enterprise Investment Schemes (EIS and SEIS) and VCT schemes beyond their 2025 deadlines, in a bid to boost UK entrepreneurship. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/8edc448/5427146d-c281-494b-9097-c051d5390a88/17/compensation-185x114.jpg https://www.professionaladviser.com/news/4056876/mini-budget-22-extended-vct-tax-relief-welcomed https://www.professionaladviser.com/news/4056876/mini-budget-22-extended-vct-tax-relief-welcomed https://www.professionaladviser.com/news/4056876/mini-budget-22-extended-vct-tax-relief-welcomed Fri, 23 Sep 2022 15:45:50 +0000 Mini Budget 22: Thirteen key takeaways from Kwarteng's proposals <img alt="Mini Budget 22: Thirteen key takeaways from Kwarteng&#39;s proposals" src="https://www.professionaladviser.com/api/v1/wps/39bd794/37644708-bb6f-4d09-98fd-b690c2fe42b9/1/52340634751-689ccefd80-b-185x114.jpg" /> <p><!--summary start--> Professional Adviser's sister title Investment Week summarises 13 of the key points from chancellor Kwasi Kwarteng’s address to Parliament last week. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/39bd794/37644708-bb6f-4d09-98fd-b690c2fe42b9/1/52340634751-689ccefd80-b-185x114.jpg https://www.professionaladviser.com/news/4056874/mini-budget-22-thirteen-key-takeaways-chancellor-kwartengs-proposals https://www.professionaladviser.com/news/4056874/mini-budget-22-thirteen-key-takeaways-chancellor-kwartengs-proposals https://www.professionaladviser.com/news/4056874/mini-budget-22-thirteen-key-takeaways-chancellor-kwartengs-proposals Fri, 23 Sep 2022 15:16:42 +0000 Planned 1.25 percentage point National Insurance increase to be reversed <img alt="Planned 1.25 percentage point National Insurance increase to be reversed " src="https://www.professionaladviser.com/api/v1/wps/b822507/5fe64ad0-6b59-4538-a9e3-a38fe96ec26c/5/52343132111-07c1552849-k-185x114.jpg" /> <p><!--summary start--> The planned 1.25 percentage point rise in National Insurance (NI) will now be reversed from 6 November, says chancellor Kwasi Kwarteng. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/b822507/5fe64ad0-6b59-4538-a9e3-a38fe96ec26c/5/52343132111-07c1552849-k-185x114.jpg https://www.professionaladviser.com/news/4056767/planned-percentage-point-national-insurance-increase-reversed https://www.professionaladviser.com/news/4056767/planned-percentage-point-national-insurance-increase-reversed https://www.professionaladviser.com/news/4056767/planned-percentage-point-national-insurance-increase-reversed Thu, 22 Sep 2022 14:31:49 +0000 IHT receipts up £0.3bn, HMRC figures reveal <img alt="IHT receipts up £0.3bn, HMRC figures reveal" src="https://www.professionaladviser.com/api/v1/wps/d978933/1c77c99f-abf6-4f5e-85d2-a53774125d5f/3/iStock-1328513574-185x114.jpg" /> <p><!--summary start--> Inheritance tax (IHT) receipts for April 2022 to July 2022 were £2.4bn, which is £0.3bn higher than in the same period a year earlier, latest data from HM Revenue & Customs (HMRC) revealed. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/d978933/1c77c99f-abf6-4f5e-85d2-a53774125d5f/3/iStock-1328513574-185x114.jpg https://www.professionaladviser.com/news/4055006/iht-receipts-gbp-3bn-hmrc-figures-reveal https://www.professionaladviser.com/news/4055006/iht-receipts-gbp-3bn-hmrc-figures-reveal https://www.professionaladviser.com/news/4055006/iht-receipts-gbp-3bn-hmrc-figures-reveal Fri, 19 Aug 2022 07:06:27 +0000 April IHT receipts up £10m on last year, HMRC reveals <img alt="April IHT receipts up £10m on last year, HMRC reveals" src="https://www.professionaladviser.com/api/v1/wps/c2208cf/75a7d19b-f65e-4b0f-b370-0ed00e8fbbb1/6/iStock-1317153275-185x114.jpg" /> <p><!--summary start--> Inheritance tax (IHT) receipts for April 2022 were £0.5bn, which is £10m higher than in the same period a year earlier, latest data from HM Revenue & Customs (HMRC) revealed. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/c2208cf/75a7d19b-f65e-4b0f-b370-0ed00e8fbbb1/6/iStock-1317153275-185x114.jpg https://www.professionaladviser.com/news/4050207/april-iht-receipts-gbp10m-last-hmrc-reveals https://www.professionaladviser.com/news/4050207/april-iht-receipts-gbp10m-last-hmrc-reveals https://www.professionaladviser.com/news/4050207/april-iht-receipts-gbp10m-last-hmrc-reveals Tue, 24 May 2022 09:22:18 +0000 Andrew Aldridge: Building back better - opportunities for advisers <img alt="Andrew Aldridge: Building back better - opportunities for advisers" src="https://www.professionaladviser.com/api/v1/wps/e65342a/f70262be-14dd-4938-bfe5-007dda607485/10/renewable-1989416-1920-185x114.jpg" /> <p><!--summary start--> Andrew Aldridge explores the opportunities for advisers presented by both EIS and business relief in some 'on-trend' investment sectors... <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/e65342a/f70262be-14dd-4938-bfe5-007dda607485/10/renewable-1989416-1920-185x114.jpg https://www.professionaladviser.com/opinion/4046156/andrew-aldridge-building-opportunities-advisers https://www.professionaladviser.com/opinion/4046156/andrew-aldridge-building-opportunities-advisers https://www.professionaladviser.com/opinion/4046156/andrew-aldridge-building-opportunities-advisers Tue, 15 Mar 2022 14:56:34 +0000 Ukraine crisis panel: Investment experts respond to key questions <img alt="Ukraine crisis panel: Investment experts respond to key questions" src="https://www.professionaladviser.com/api/v1/wps/09fae0f/dc819ea0-5f36-4658-b735-402a5703d11d/10/Ukraine-video-185x114.jpg" /> <p><!--summary start--> As we say at the start of this broadcast, a humanitarian crisis is unfolding in Ukraine and our thoughts are very much with the people there at this very frightening time. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/09fae0f/dc819ea0-5f36-4658-b735-402a5703d11d/10/Ukraine-video-185x114.jpg https://www.professionaladviser.com/discussion/4046316/ukraine-crisis-panel-investment-experts-respond-key-questions https://www.professionaladviser.com/discussion/4046316/ukraine-crisis-panel-investment-experts-respond-key-questions https://www.professionaladviser.com/discussion/4046316/ukraine-crisis-panel-investment-experts-respond-key-questions Thu, 10 Mar 2022 15:10:27 +0000 Andrew Aldridge: Tax planning 'Top Trumps' <img alt="Andrew Aldridge: Tax planning &#39;Top Trumps&#39;" src="https://www.professionaladviser.com/api/v1/wps/22a1bba/12481a70-3553-49b1-a177-56ed140db093/7/Andrew-Aldridge-2-roi-1-185x114.jpg" /> <p><!--summary start--> Andrew Aldridge looks at the world of tax-efficient investments and assesses which relief is the trump card for advisers and clients... <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/22a1bba/12481a70-3553-49b1-a177-56ed140db093/7/Andrew-Aldridge-2-roi-1-185x114.jpg https://www.professionaladviser.com/opinion/4044881/andrew-aldridge-tax-planning-trumps https://www.professionaladviser.com/opinion/4044881/andrew-aldridge-tax-planning-trumps https://www.professionaladviser.com/opinion/4044881/andrew-aldridge-tax-planning-trumps Mon, 14 Feb 2022 11:15:49 +0000 Les Cameron: How to fund your (ISA) season ticket <img alt="Les Cameron: How to fund your (ISA) season ticket" src="https://www.professionaladviser.com/api/v1/wps/e9b4d90/bddf8786-c2b5-45bc-9458-9d23788a56f9/7/hans-peter-gauster-3y1zF4hIPCg-unsplash-185x114.jpg" /> <p><!--summary start--> The tax advantages of ISAs are well known, writes Les Cameron. Making use of them whenever you can, from wherever you can, should be beneficial... <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/e9b4d90/bddf8786-c2b5-45bc-9458-9d23788a56f9/7/hans-peter-gauster-3y1zF4hIPCg-unsplash-185x114.jpg https://www.professionaladviser.com/opinion/4044631/les-cameron-fund-isa-season-ticket https://www.professionaladviser.com/opinion/4044631/les-cameron-fund-isa-season-ticket https://www.professionaladviser.com/opinion/4044631/les-cameron-fund-isa-season-ticket Tue, 8 Feb 2022 14:30:18 +0000 Martin Tilley: Where there is a will, there should be an expression of wish <img alt="Martin Tilley: Where there is a will, there should be an expression of wish" src="https://www.professionaladviser.com/api/v1/wps/e2b8ffe/a782b522-6065-463d-9717-5b931585d79c/10/Martin-Tilley-2021-Westbridge-185x114.jpg" /> <p><!--summary start--> Martin Tilley explores the importance of keeping expression of wish forms up-to-date and explains why advisers have an important role to play in the process of wills and estate planning <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/e2b8ffe/a782b522-6065-463d-9717-5b931585d79c/10/Martin-Tilley-2021-Westbridge-185x114.jpg https://www.professionaladviser.com/opinion/4043033/martin-tilley-expression-wish https://www.professionaladviser.com/opinion/4043033/martin-tilley-expression-wish https://www.professionaladviser.com/opinion/4043033/martin-tilley-expression-wish Tue, 11 Jan 2022 11:06:27 +0000 Neil MacGillivray: The double benefit of charitable gifting through a will <img alt="Neil MacGillivray: The double benefit of charitable gifting through a will" src="https://www.professionaladviser.com/api/v1/wps/be91b8b/14a2454f-8ca9-4abf-b087-8a5a607de095/7/british-library-gTV2osuOsJc-unsplash-185x114.jpg" /> <p><!--summary start--> Neil MacGillivray explores the tax benefits of leaving a charitable donation in a client's will and says a proper understanding of the rules is critical... <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/be91b8b/14a2454f-8ca9-4abf-b087-8a5a607de095/7/british-library-gTV2osuOsJc-unsplash-185x114.jpg https://www.professionaladviser.com/news/4043029/neil-macgillivray-double-benefit-charitable-gifting https://www.professionaladviser.com/news/4043029/neil-macgillivray-double-benefit-charitable-gifting https://www.professionaladviser.com/news/4043029/neil-macgillivray-double-benefit-charitable-gifting Tue, 11 Jan 2022 10:37:35 +0000 Mark Devlin: When keeping things tax-free is not tax-efficient <img alt="Mark Devlin: When keeping things tax-free is not tax-efficient" src="https://www.professionaladviser.com/api/v1/wps/84c2bee/f2fc2c53-ac2f-427d-bc99-c2bbf46e7667/4/Mark-Devlin-2-185x114.jpg" /> <p><!--summary start--> Getting the right combination of ‘tax-free’ investments during the client’s lifetime can deliver fantastic results, but keeping things tax-free may not always deliver the most tax-efficient outcome and, more importantly, the highest net return, explains Mark Devlin... <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/84c2bee/f2fc2c53-ac2f-427d-bc99-c2bbf46e7667/4/Mark-Devlin-2-185x114.jpg https://www.professionaladviser.com/opinion/4040495/mark-devlin-keeping-tax-free-tax-efficient https://www.professionaladviser.com/opinion/4040495/mark-devlin-keeping-tax-free-tax-efficient https://www.professionaladviser.com/opinion/4040495/mark-devlin-keeping-tax-free-tax-efficient Fri, 19 Nov 2021 08:40:32 +0000