Yearly Archives: 2022

An ‘epidemic of fraud’ impacting young and old

The latest annual fraud report published by UK Finance stresses the need for an urgent response to ‘the epidemic of fraud’ that the UK is currently facing. The report reveals that £1.3bn was stolen by criminals through authorised and unauthorised … Continue reading

Challenging waters ahead

Even experienced investors are likely to find the current investment environment a challenge, particularly when one considers the array of uncertainties in the post-COVID economy which are so fundamentally different to those faced during the last two years. Opportunities, however, … Continue reading

The growing need for intergenerational planning

With the next 30 years set to witness the largest ever intergenerational passing of wealth, the need for inheritance advice has never been greater. Intergenerational planning, however, can also help with more immediate financial needs, particularly when generations work collaboratively … Continue reading

Trust Service Update & Divorce and Your Pension

Trust Registration Service update The Trust Registration Service (TRS) opened in 2017 with the aim of digitalising the trust registration process. Following the UK’s adoption of the EU’s Fifth Anti-Money Laundering Directive (5MLD) in 2020, changes to the TRS were … Continue reading

Your retirement today

The Class of 2022 retirement report1 provides a riveting insight into the plans and thoughts of those either planning to retire this year or recent retirees, really highlighting the changing face of retirement in the UK. The last couple of … Continue reading

Revisiting your IHT strategy

The latest data from HM Revenue & Customs (HMRC) revealed IHT receipts for April 2021 to March 2022 were
£6.1bn, 14% (£0.7bn) higher than in the same period 12 months earlier.

Factors at play
Receipts have increased partly due to higher death rates during the pandemic, as well as due to the rise in property prices which has seen more families coming into scope for IHT. With thresholds frozen at current levels – the nil-rate band is £325,000 and the main residence nil-rate band is £175,000 – IHT is effectively a stealth tax.

Time for a refresh? IHT top tips

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