by Town Close Financial Planning | Feb 4, 2020 | Tax News
Paying tax is a necessary part of earning income and being part of a society. That is accepted. But while you may have thought that the top rate of tax is 45 per cent, there are hundreds of thousands of people paying 62 per cent due to an odd quirk in the system. This... 
by Town Close Financial Planning | Feb 4, 2020 | Investment News, Tax News
The tax year will be coming to an end on 5th April. With that deadline in mind, we wanted to remind our clients of all the allowances available to you during the tax year. It’s important to make sure you’re maximising your allowance in all areas so that you mitigate... 
by Town Close Financial Planning | Jun 3, 2019 | Estate Planning, Tax News
Benjamin Franklin famously said, ‘In this world nothing can be said to be certain except death and taxes’. And if your estate is valued at over £325,000, everything above this figure will be taxed at 40% when you die. Even in death there’s no relief from taxes!... 
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 | Mar 5, 2019 | Tax News
New data reveals that thousands of widows are missing out on valuable tax breaks on money inherited from their late husbands or wives. In 2015, the government introduced a new rule that allows spouses to claim an extra ISA allowance. This allowance, known as an... 
by Town Close Financial Planning | Feb 3, 2019 | General News, Guest Post, Tax News
Howard Marks might be the most successful long-term investor you’ve never heard of. CLICK HERE for his latest memo, the purpose of which is to describe what happens when political behaviour collides with economic reality. Be warned, it’s long and technical...