Succession planning checklist
Ten essential questions every business owner should ask Succession planning is more than just a safety net for your business; it’s a strategic move that ensures your company can thrive for years to come. Whether you’re planning to retire, take a step back, or simply prepare for the unexpected, establishing a solid foundation for a […]
Estate planning and Inheritance Tax
Protecting your family’s financial security, your business’s stability, and your employees’ livelihoods Owning a business often leaves little time to contemplate what may happen in the future. While day-to-day management and growth take centre stage, considering the long-term effects of unforeseen events is crucial. A well-thought-out estate plan ensures that your business and loved ones […]
Business Relief
Maximise your legacy with smart strategies to save on Inheritance Tax Inheritance Tax (IHT) can significantly lower the value of your estate. Currently, Business Relief (BR) is available to business owners who maintain qualifying business assets for at least two years and continue to hold them until their death.
Wealth transfers of financial legacies
Are you among the many families unprepared and lacking structured plans? The world is on the verge of an unprecedented intergenerational wealth transfer, with projections estimating that by 2047, an astonishing £5.5 trillion will change hands[1]. Despite this monumental shift, many families remain unprepared, lacking structured plans to ensure their financial legacies are preserved or […]
“Grey divorce”
Understanding the financial impacts of divorce over 50 Divorce later in life can be a complex and emotionally taxing process, particularly for couples over the age of 50. Wealth derived from property often takes centre stage in these discussions, as it typically represents the most significant financial asset that couples possess. According to recent research, […]
How would you cover some or all of the cost of an Inheritance Tax liability?
Especially when your primary aspiration is to pass on as much wealth as possible to loved ones Inheritance Tax (IHT) planning is essential for managing your estate effectively and ensuring the wellbeing of your loved ones. Changes highlighted in last year’s Autumn Budget Statement 2024 have further emphasised this concern, with significant amendments to Business […]
Empowering your retirement savings
Understanding how SIPPs can help you maximise your retirement investments When planning for retirement, utilising a pension is one of the most effective ways to secure your financial future. The generous tax relief offered on pension contributions makes options like SIPPs (Self-Invested Personal Pensions) particularly advantageous. Understanding how they work, if appropriate, can help you […]
Trust in your future
Is now the time to consider protecting and managing your wealth for future generations? A trust can be an effective solution for many individuals and families aiming to protect and manage their wealth. Trusts provide a structured method for transferring assets to beneficiaries, especially across generations, while ensuring the funds are utilised for their intended […]
It’s good to talk
How to approach financial conversations with older family members Discussing finances is not always easy, particularly with older family members. Nevertheless, these conversations are essential for alleviating stress and ensuring everyone’s long-term wellbeing. Whether it involves managing unexpected expenses, such as medical bills, or addressing insufficient savings, financial challenges can weigh heavily on ageing relatives. […]
Maximising the end of the UK tax year 2024/25
Time is running out to fully capitalise on tax-saving opportunities The UK tax year is a well-structured framework governing tax assessment and collection. It begins on 6 April and runs until 5 April the following year. As we approach the end of the 2024/25 tax year, maximising available opportunities is essential to make the most […]