Over half (51%) of over 45s do not know that ISAs are liable for inheritance tax As a result, the government stands to earn millions from people who assume that ISAs can be inherited by their children, tax free Over three quarters (77%) think the UK’s IHT rules are too complicated Canada Life’s annual […]
A new report calls for the abolition of IHT, and comes just in time to catch the attention of the government’s review of the tax You may have seen reference in the press to the Intergenerational Commission report from the Resolution Foundation on options for inheritance tax reform. It is extensive, thoughtful and pulls no […]
The FCA is set to clamp down on high-cost credit to protect consumers from unfair practices on the likes of overdrafts, catalogue credit and store cards. The regulator says that there needs to be “fundamental reform” of how banks operate and charge for overdrafts after a review of expensive borrowing across the market. The FCA […]
Interview with Simply Class’ first adviser, Elliot Silk.
Jim Grant, Senior Product Insight & Technical Support Analyst Benefit crystallisation events and the lifetime allowance charge – all you need to know. The lifetime allowance (LTA) is the maximum amount that can be crystallised before a charge applies. It used to be £1.8m but it’s steadily decreased to £1m. There’s a whole list of […]
- Top trends
- Top trends
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- FCA evidence throws Sipp provider court case into doubt
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- FOS ruling cannot add new duties for Sipp providers, court hears
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