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Four-year freeze poses IHT threat

The last Budget of this Parliament has frozen the inheritance tax nil-rate band for the next four years which will mean that more estates will suffer an inheritance tax charge on death.

In the 2009 pre-Budget report, Chancellor Darling said he would introduce legislation in 2010 to freeze the limit of the inheritance tax nil-rate band for the tax year 2010/11 at its current level of £325,000.

He has now extended this to cover the next four tax years, so the nil-rate band will not be increased again until tax year 2015/16.

It is interesting to contrast this with the approach announced by the Conservatives, which says they would raise the nil-rate band to £1m but it remains to be seen if such an increase would be implemented.

It is crucial for individuals to seek professional advice on how to mitigate their potential inheritance tax liability, otherwise their estates could face an inheritance tax charge at 40 per cent simply because their estates have grown faster than the nil-rate band.


Raise money for the bears

Money Marketing reporter Nicole Blackmore is running in the Virgin Money London Marathon on April 25 to raise money for Animals Asia. The charity was founded by British campaigner Jill Robinson and its main focus is ending bear farming, which uses barbaric methods of extracting bile from bears’ gall bladders. The bears are kept in […]


Standard Life warning on dual charge against Nest

Standard Life believes that providers looking to offer a dual-charge structure to recoup commission costs on corporate pensions may struggle to justify their products against the nat-ional employment savings trust. Nest will have a 0.3 per cent annual charge plus a 2 per cent contribution charge until the scheme’s set-up costs are met. Standard head […]

Pension savings-2015

Pension tax relief: parked (for the moment)

The national news agenda has been dominated by pension issues this month. For those that missed it (and there cannot have been many given that this was the lead story in spoken and written media), the Chancellor announced a decision to make no decision on pension tax relief in his 16 March 2016 Budget speech. To […]


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