by Town Close Financial Planning | May 31, 2019 | Estate Planning, Tax News
Inheritance tax (IHT) can be an incredibly punitive tax on your estate. However, by making the right choices, you can vastly reduce the amount of your estate liable for IHT. While other tax free allowances, such as the ISA allowance, have risen in recent years, the... by Town Close Financial Planning | Jan 10, 2019 | Estate Planning, Tax News
Inheritance tax is enormously unpopular to say the least. A YouGov poll found that 59% of the public deemed it unfair, making it the least popular of Britain’s 11 major taxes. What’s more, the tax has a limited revenue raising ability, with the ‘well advised’ often... by Town Close Financial Planning | Jan 10, 2019 | Estate Planning
The choice of whether or not to release equity from your home ultimately rests with you. However, the decision will have wide reaching consequences for your family. There are two main forms of equity release – lifetime mortgages and home reversion plans. Most... by Town Close Financial Planning | Aug 26, 2018 | Estate Planning, Investment News, Pension & Retirement News, Savings News
Being a grandparent is an exciting time of life. You get all the enjoyment of doing fun activities with your grandchildren but can hand them back at the end of the day. Part of that pleasure is knowing that you can help them financially. Often you’re at a stage of... by Town Close Financial Planning | Aug 13, 2018 | Estate Planning, Tax News
Tax is always a political football. A tweak here or there can favour one group over another. Inheritance tax (IHT) is a case in point. It’s very emotive and people get awfully exercised about it. That’s a bit odd because only about 8% of estates pay any... by Town Close Financial Planning | Jul 25, 2018 | Estate Planning
It’s one of the scary things about growing old, isn’t it? We’re all living longer, thanks to medical science but does that mean more of us are going to end up in a care home, struggling to find the means to pay for it? A year in a care home can cost more than £50,000....