Tag: inheritance tax news
‘Millions’ of over-55s face ‘unintended’ tax if they don’t make 1 simple money move
Millions of Brits could be hit by unexpected inheritance tax bills and probate complications if they don’t take action, new research suggests. …
‘I’m a wealth expert – here are 4 lesser-known ways to reduce your inheritance tax bill’
Some legitimate inheritance tax savings strategies are significantly underused, simply because Britons “aren’t aware” they exist. …
HMRC ‘could target’ rules for those who gift family members money
The Chancellor is reportedly considering changes to certain exemptions. …
Brits call to stop Reeves’s ‘unfair double tax’ of pension funds as thousands sign
Campaigners argue the move is “disincentivising” people to contribute to pensions. …
Rachel Reeves alerted inheritance tax raid could choke off lifeline for young families
New research reveals pensioners typically give away around 10% of their income – almost £2,500 a year – to children and grandchildren. …
HMRC inheritance tax takings hit £3.1bn in three months
The trend is set to continue when new policy changes come into effect over the next two years. …
Inheritance tax rate and gifting rules explained as Rachel Reeves considers raid
Rachel Reeves may be plotting another inheritance tax raid for this year’s Autumn Budget. What are the rules now, and what could change? …
Labour to hit families with tax raid on pensions pots of deceased loved ones
HMRC has confirmed that death duties of up to 40% will apply to unspent private pension pots …
Inheritance move thousands of wealthy families are making to cut tax rate by 4%
More than half of wealthy parents have taken this step to reduce inheritance tax liabilities for their loved ones. …
HMRC time limit explained as ‘you may not realise’ you have to pay this tax
You can reduce your tax bill if you plan ahead …
