21 results for "Inheritance tax"

Households are advised to consider their pension plans in detail before the 2027 Inheritance Tax adjustments come into force.

Labour’s inheritance tax reforms could tighten gifting rules, leaving families facing higher taxes on gifts made years before death.

Reform UK is expected to announce a bold economic strategy on Monday that includes raising income tax and inheritance tax thresholds. The party says these tax cuts can be financed...

Experts are warning taxpayers not to risk losing their hard-earned money to the "most unfair tax in Britain". The controversial levy  is no other than the inheritance tax (IHT), which is levied...

The think-tank claims that eliminating three important inheritance tax reliefs would create a fairer system and bring in £3 billion for the Treasury in the current tax year. In a...

According to recent data, over 13,000 wealthy households were hit with unexpected inheritance tax bills as high as £1.4 million on lifetime gifts after the donor's passing, within seven years...

Savers could face a "triple tax" on their pensions due to ongoing government changes, raising concerns among retirees and financial experts. The removal of the lifetime allowance limit in April…

Experts warn that reducing tax-free pension cash could force retirees into debt, downsizing, or delayed retirement. With the October 30 budget looming, many have already made hasty financial decisions amid…

Caution parents gifting their children money, as there could be an increase in inheritance tax bills, said professionals. Under present rules, individuals can make gifts of up to £3,000 per...

UK pension holders and those with employer-contributed workplace pensions, as well as other private pension plans, have been notified of a smart tax-saving “backdate” strategy. Maximize Your Pension Tax Savings...

With a 4.9 percent rise from the year prior, the UK's green taxes revenue in 2023 was £52.5 billion, nearly returning to the pre-pandemic state. The rate of corporation tax...

The British population is currently grappling with a plethora of tax obligations, to an extent that event HMRC finds it hard to keep up. With allowances frozen or slashed, taxpayers...

Labour's budget plans may significantly impact retirees, from cuts to winter fuel payments to potential pension reforms including means-testing, inheritance tax changes, and stricter pension access rules.

Following Chancellor Rachel Reeves‘ speech announcing plans for massive 'Megafunds' to stimulate growth in the UK, questions are being asked: could this ambitious pension reform jeopardise retirement savings?

Rachel Reeves is due to present Labour's first budget for 15 years on 30 October, which aims to close a £22 billion deficit in public spending.

Many State Pensioners are still suffering from the new Labour Government's unexpected change that will see Winter Fuel Payments  be delivered to only about 1.5 million pensioners this year to help plug a...

British households could face cuts in their pension contributions while increases in national insurance are being considered, which is causing great concern among analysts.

Labour leader Sir Keir Starmer is preparing to offer significant pay rises to teachers and nurses, although this would require higher taxes or further borrowing. Starmer Faces Fiscal Challenges with...

The Department for Work and Pensions (DWP) has issued an update on the status of the State Pension Underpayments Legal Entitlements and Administrative Practice (LEAP) initiative. State Pension Underpayment: Progress...

Amid the cost of living crisis, a substantial number of people in the UK may be eligible for a range of financial support schemes and discounts facilitated by the Department...

In a recent statement from Buckingham Palace, it was revealed that King Charles III has been diagnosed with cancer, prompting an outpouring of support from royal family members and political...