View more on these topics

Skandia launches online IHT calculator

Skandia has launched an online inheritance tax calculator and has published a new guide to help advisers with IHT reporting.

The guide has been designed to help advisers compete forms IHT100 and IHT100a because HMRC guidance notes run to over 70 pages.

The online IHT calculator aims to help advisers assess their clients’ liability to IHT.

Skandia head of tax and estate planning Colin Jelley says: “HMRC indicated that they would make an announcement in the autumn regarding reporting thresholds, but we are yet to hear anything. The feedback we have had from advisers is that they want to be able to access the information that is relevant to them and applies to insurance-based schemes in a concise and straightforward way, which is why we have published our guide to the new forms.

“With the current reporting thresholds requiring advisers to report on any CLTs above £10,000, a mountain of paperwork can very quickly build up. We are providing support to advisers advising on trusts with our range of technical guides and online tools because we want to try and make life easier for advisers working in this area.”

Recommended

Simply the best

Rensburg Fund Management launched a UK best ideas fund on September 1, which has already attracted over £50m. It is called the Rensburg UK Manager’s focus trust.Each of the four UK managers chooses the 10 best stocks they believe will perform well, except Stuart Sharp, who chooses 20 stocks in the UK smaller companies sector.The […]

Nationwide in ‘new customers only’ U-turn

Nationwide has ended its policy of offering exactly the same deals to new and existing customers.In communications sent to brokers this morning, the lender, famous for its ‘new customers only’ ads, reveals it is changing its range from December 1 so offers on remortgaging, deal-switching and further advances are more expensive than those for house […]

Five challenges for personal accounts

ABI director general Stephen Haddrill poses a series of tests for the Government’s pension reforms if they are to meet the twin aims of improving public confidence and encouraging greater levels of retirement saving

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com