News / 2020 Archive

06 Aug 2020

‘Blue Light’ Inheritance Tax exemption

Parliament has recognised the gallantry of Soldiers since Napoleonic times and provided exemption from Inheritance Tax firstly for soldiers killed in the line of duty, but this has since been extended to cover all armed forces as well as for deaths resulting from health issues that were caused by the service they made to their country rather than actual ‘death in service’.

02 Jun 2020

Beware the pitfalls of the Bank of Mum and Dad

According to Legal and General the ‘Bank of Mum and Dad’ lent their children £6 billion in the UK last year.

For any of you that either have made, or have considered making gifts to your family, you will be aware how important it is to document these gifts as records would be called upon in the event of your death, however, it is also really important to document any loans.

05 May 2020

Fiscal stimulus as never seen before

The coronavirus crisis has transformed the fiscal landscape in the UK. Britain was on course for a budget deficit of £55 billion in the next tax year, but now borrowing could be as much as £200 billion as the government pledges to support our work force.

26 Mar 2020

Our Service to You during the Covid-19 lockdown

As you all know we have been advised to stay at home and do our best to keep everyone safe.

We wish to provide the best service we can to our clients during these times, and I would like you to know how we have planned to continue working on your behalf, adapted, to the current situation.

04 Feb 2020

Probate fee hike finally scrapped

In 2017 we first heard that the £215 flat probate fee for all estates over £5,000 was to be dramatically increased.

Initially this was going to be as high as £20,000 for estates worth over £2 million, a 9,200 percent increase. The proposed fees were then lowered, with tiered fees of between £250 and £5,000 depending upon the estates value.

24 Jan 2020

Workplace Pensions Shortfall

Its been calculated by Aegon that if a 22 year old has the prescribed personal and employer contributions paid in to their workplace pension scheme from now until retirement, they will have £106,500 less in their pension pots than they need to live as they are accustomed to.