Our nationwide research project explores how 530 privately owned UK businesses grow, the barriers to growth they encounter and where they are looking to expand. The research has been published in our Going for Growth: UK company growth strategies to 2021 report.
To download your copy, please click here.
For many people, their first introduction to the complex process of obtaining a Grant of Probate occurs at a very difficult time, when they’ve lost a loved one. Going through personal papers, identifying where monies are held and completing inheritance tax accounts are all laborious and sometimes daunting tasks. But up until now personal representatives and executors only had to find a relatively small fee of between £155-£215 to apply for the Grant of Probate.
Claiming Residence Nil Rate Band when passing on your property
This article is the fourth in a series in which we focus on property issues in our bi-monthly e-newsletter for individuals and their families, Pathfinder – personal tax and wealth(sign up here). Over the next few editions of the e-newsletter we will further explore the most common property tax issues our clients are asking us about. Whether a landlord, or simply someone looking to utilise property as an investment for their (and their family’s) future, this series will seek to advise you on your options, and prevent you from falling foul of any unforeseen tax implications!
In this article we look at how Residence Nil Rate Band (RNRB) can potentially allow you to pass a proportion of the value of your home without paying any tax on its value…
Financial planning can be thought of as a game of two halves. During our 20’s, 30’s and 40’s, we are making our way in life. We borrow and buy a house, we start long-term relationships and have a family. We make pension contributions and pave the way for the second half where in our 50’s, 60’s and 70’s, we enjoy the fruits of our labours. The mortgage is paid off, kids are through university and we have sufficient pension income to retire. The second half requires a good first half as a death or long-term illness will affect how much we have to live on. Similarly, lack of pension provision during the first will not give the rewards in the second.
The UK continues to live in uncertain times as Brexit looms large with no agreement currently in place and a backdrop of political disagreement both in the UK and with the EU. Things are not getting any clearer.
Our experts Susan Robinson, Partner and Head of Charities and Not for Profit, and Phil Reynolds, Audit and Assurance Senior Manager and specialist in Academies and Education, discuss how new and existing Trustees and Governors can perform their role as well as cover their responsibilities.
Academy school finances in the South East now show a surplus according to figures but nationally the picture is more uncertain with schools reporting a deficit and there is a risk that this financial distraction diverts attention from their core purpose of teaching.