News

Inheritance Tax planning remains essential, with current thresholds including a £325,000 nil rate band and up to £175,000 residence allowance per person. Understanding key rules—such as the seven-year rule for gifts, annual exemptions, and spousal transfers—can help reduce liability. Careful lifetime gifting, combined with professional advice, can ensure your estate is managed efficiently and tax exposure minimised for your beneficiaries.

As the name suggests, these trusts allow the appointed Trustees discretion as to which beneficiary is to be paid, how much to pay, when to p

Who pays care home fees? You have to pay for your own care costs if the valuation of your personal assets (including property, money, possessions, etc) exceeds the national threshold. What is the national threshold? The threshold is different for people in England and Northern Ireland than it is for those in Wales or Scotland. The thresholds are as at 2023: England and Northern Ireland = £23,250 Wales = £50,000 Scotland = £28,750 If the total value of all your assets is over