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Tories propose IHT threshold as £1m

The Conservative party has pledged to raise the inheritance tax threshold to £1m in a bid to free middle England from the death tax.

Shadow chancellor George Osborne told the party conference in Blackpool this morning he wanted IHT to be a tax only millionaires would pay.

But IFAs think this is a dangerous game of vote-grabbing and is totally unrealistic.

Osborne said raising the current £300,000 IHT threshold would exempt most London homes, a bold promise that would reverse the last decade of more London and South East homes being caught by the net.

Osborne proposed covering the £2.7bn cost of tax cut that would be borne from increasing the threshold by imposing a single flat rate tax rise on foreign billionaires residing in Britain.

Worldwide Financial Planning IFA Nick McBreen says: “I think this is dangerous territory. It has not been thought through at all. The nil rate band is called so for a reason, so how do they expect to make up the difference? The last thing tax payers will want is even more direct taxation.

“It is misleading and goes against basic economics. How can they possibly raise the threshold of IHT and wash away stamp duty? Since Redwood made his initial comments earlier this summer, we have seen absolutely no detail, but they had to get some headlines out of this conference.”


‘Act now to end public-sector disparity’

The disparity between public and private sector pensions must be addressed to prevent a future right-wing Government using the issue as an excuse to destroy public sector pensions, say the LibDems.Speaking at a CentreForum and Help the Aged event, sponsored by LV=, Shadow Work and Pensions Secretary Danny Alexander addressed concern from the public sector […]

Growing pains

Equity income funds that focus on yield at the expense of growth are bound to disappoint

Meteor swings in line

Meteor Asset Management has brought out the pendulum commodities plan, which aims for growth linked to a basket of five equally weighted Standard & Poors Goldman Sachs commodities indices. These are the S&P GSCI Agriculture Excess Return, S&P GSCI Energy Excess Return, S&P GSCI Industrial Metal Excess Return, S&P GSCI Livestock Excess Return, S&P GSCI Precious Metals Excess Return.

Andy Peters

Bright Grey’s director of distribution helped to set up the firm from scratch and has succeeded in taking business from other protection product providers but is now looking to build up sales in the mortgage sector with a training programme for brokers and is also planning a foray into the business protection market. Interview by Gregor Watt

The Merchants Trust PLC – April 2017

Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review The Merchants Trust reported results this month and the directors were pleased to announce a 35th consecutive year of dividend growth (subject to shareholder approval at the AGM). The Company is proud to be highlighted as […]


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