Tax Planning

Assessing the Tory IHT/pension tax relief pledge

TISA, the British Bankers Association (BBA) and the British Societies Association (BSA) have published guidelines explaining how ISAs can be passed on tax free upon death.

Conservative party plans to remove family homes worth up to £1m from inheritance tax (IHT) will be paid for by cutting pension tax relief for those earning over £150,000.

The Labour party has announced it will go further than the Conservatives in tackling tax avoidance.

The Green party has announced it will push to increase the top rate of tax to 60p in the pound if it gains influence in the General Election.

Non-domiciled residents' contributions to the UK Exchequer have been defended after Labour leader Ed Miliband confirmed his party would abolish the 'non-dom' tax status if it came to power following next month's general election.

Professional Adviser's crack team of retirement advisers tackles a devilish case study...

The majority of people accessing their pensions for the first time will be overpaying tax, particularly if they withdraw large sums of cash, Prudential head of business development Vince Smith-Hughes has warned.

Three things clients may call you about this week

HM Revenue and Customs (HMRC) has secured three tribunal wins against tax avoidance schemes, protecting more than £260m in tax.