by Town Close Financial Planning | Oct 6, 2020 | Estate Planning, General News
“Legacy” has been on my mind recently. This piece shares where I have got to and will be followed by a webinar to discuss them further. In summary: Legacy is as much as about the here and now as it is tomorrow or the afterlife. It is about putting what we have – time,... by Town Close Financial Planning | Jun 4, 2019 | Estate Planning, Pension & Retirement News
Equity release is no longer the niche lending area it once was. More and more homeowners over 55 are choosing to release cash tied up in their homes and there are few signs of this trend subsiding. Lending in 2018 increased by 27% compared to the previous year and is... 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 | 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...