Month: May 2022

Private Pensions and IHT

Frozen IHT tax thresholds and soaring property prices put more and more families at risk of hefty IHT bills. In fact, in the tax year 2021/2022 HMRC collected £6.1 billion in death duties, which equals £700 million or 13% more IHT than in the previous year. This makes it even more important that you organise…
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Imagine Retirement Starts Tomorrow

If you were asked how much money you would need to keep the lifestyle that you enjoy for the next year, how would you reply? Let’s change that a little and now ask yourself if you were going to write yourself one cheque and the money that you gave yourself had to last you for…
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£6.1 bn of Inheritance Tax collected by HMRC in 2021/22

In the 2021-22 financial year, taxpayers paid £700 million or 13% more IHT than in the previous year. A staggering increase, which was largely driven by rapidly increasing UK property prices and not helped by the recent freezing of the IHT thresholds until 2026. It’s these factors that make more and more families see the…
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