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 …
Is your money going up in smoke?
A packet of 20 cigarettes costs around £7.72. If you smoke a pack a day and are thinking of giving up, you could invest around £2,817 a year and stop your money going up in smoke.
Investing for your future …
Budget 2013 sparks ‘second home subsidy’ row
A 2013 budget initiative aimed at helping people get on the housing ladder has caused a row to erupt over whether it could be used to fund the purchase of second homes.
The initiative is designed to assist people with …
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 …