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 | Sep 10, 2018 | General News, Tax News
By 2030, it is estimated that one in five jobs in Britain will be automated. When you consider that the workers currently doing these jobs pay income tax, this may pose quite a problem for HMRC. One solution that has been suggested is that of a ‘robot tax’. You could... 
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 | Jun 10, 2018 | Estate Planning, Investment News, Tax News
Don’t get me wrong, equity release should be the option of last resort. The alternatives are downsizing which has it’s own risks (mostly emotional) or living on less once your other funds run out. We’d prefer that you didn’t run out of money... 
by Town Close Financial Planning | Mar 23, 2018 | Tax News
The options appear stark – more tax or fewer services. The UK is skint, NHS and pension costs are rising fast, more money is needed. Recent research has suggested that those in the baby-boomer generation should be prepared to pay higher wealth taxes in order to... by Town Close Financial Planning | Dec 14, 2017 | Tax News
Tax planning is a real hornet’s nest, at least it can be if you want to push the envelope. And why would you want to do that? Each and every adult in the UK starts each and every tax year with something like £400,000 of magnificently tax advantaged investment...