Daily Archives: November 16, 2017

Inheritance tax: the government rakes in £5bn

The amount of revenue that the government raises from inheritance tax (IHT) continues to rise year by year. In 2016- 17, the figure rose again to over £4.9bn1, with experts expecting it to be even higher in this financial year. Controversially, the threshold at which IHT applies has been stuck at £325,000 since 2009. Over…

Pension freedoms – don’t lose out!

In the first major study to be conducted since the introduction of the new pension rules in 2015, the Financial Conduct Authority (FCA)1 reviewed the actions taken by pensioners who chose not to receive advice when accessing their pension pots. They flagged up several areas of concern. Common mistakes The FCA found that many people…