The longstanding £3,000 gifting allowance for children, an important aspect of inheritance tax (IHT) planning, is under the spotlight as new reforms are anticipated under Labour leader Andy Burnham’s upcoming premiership. BBC …
As Rachel Reeves steps down as Chancellor, she confirms a significant tax change affecting thousands of households. Starting 6 April 2027, unused pension funds—money you have not withdrawn from your pension—will generally be …
HM Revenue & Customs (HMRC) is launching a significant crackdown on a widely used tax loophole among UK households, targeting high-net-worth individuals who benefit from inheritance tax (IHT) and capital gains tax (CGT) …
From April 2027, some state pensioners may find themselves hit with an inheritance tax bill as high as 87% on their pension savings. This stark change is due to the Labour government’s intention to close a tax loophole …