Inheritance tax returns to the deep freeze
Inheritance tax thresholds are set to stick at £325,000 for individuals and £650,000 for couples for three years from 2015.
The good news is that with proper planning inheritance tax can potentially be reduced or even avoided altogether.
Farrell Financial …
How does the 2013 budget affect beer drinkers?
The alcohol duty escalator was scrapped on beer and duty cut by 1p.
The alcohol duty escalator will still remain for wine and spirits.
Farrell Financial Planning are Glasgow based independent financial advisers (IFAs) and encourage only responsible drinking.
Farrell …
How does the 2013 budget affect personal allowance?
The personal allowance for under 65 year olds is set to rise to £10,000 on 6 April 2014.
In the interim, the personal allowance for under 65 year olds is set to rise to £9,440 on 6 April 2013.
These …
Count down to tax year end
As we move towards the end of this tax year we have an ideal opportunity to do the things we have been meaning to do all tax year, but never quite managed.
Almost everyone plans for Hogmanay on 31st December …
When does the 45% tax rate come into effect?
Additional rate tax (for earnings over £150,000) will move from 50% to 45% from April 2013.…