The Office of Tax Simplification (OTS) has recommended the government consider ensuring death benefit payments from term life insurance policies are IHT-free on the death of the life assured, without the need for them to be written in trust.
The recommendation is in the OTS's second report on the Inheritance Tax Review. Its first report, in November 2018, was prompted by a request from the chancellor in January 2018 for a thorough review of...
Put back to April 2021
‘Devil in the detail’
Taxes will have to increase after the March Budget if the government plans to honour the spending plans in outlined last year, the Institute for Fiscal Studies (IFS) has warned.
For the first time in a quite a while we have a certain degree of political certainty, writes Jack Rose. And, with that clarity, perhaps a clearer picture of the road ahead…
Avoiding ‘big mistakes’
Leaves wife and children behind
Overall casework projected to decrease
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