Government is set to rake in £90bn through inheritance and capital gains levies

Rishi Sunak’s tax on wealth… by stealth: Government is set to rake in £90bn through inheritance and capital gains levies in blow for middle classes, documents show The amount families will pay in inheritance and capital gains tax is set to soar Treasury is set to collect taxes worth 35 per cent of national income … Read more

Government is set to rake in £90bn through inheritance and capital gains levies

Rishi Sunak’s tax on wealth… by stealth: Government is set to rake in £90bn through inheritance and capital gains levies in blow for middle classes, documents show The amount families will pay in inheritance and capital gains tax is set to soar Treasury is set to collect taxes worth 35 per cent of national income … Read more

Will my children pay inheritance tax if I move pension and die in two years?

Savers in ill health who move pensions have less cause to fear inheritance tax after Supreme Court ruling Many savers have transferred out of safe and generous final salary pensions  This can bring inheritance benefits, but there is a tax risk if you die soon after Supreme Court ruling is good news for savers, says … Read more

Inheritance tax receipts fall for the first time in a decade

The amount of money raised from inheritance tax fell for the first time in a decade last year, new figures from HM Revenue and Customs have revealed. The amount of cash raked in from the death tax slumped £223million, or 4 per cent, in the 2019-20 tax year, but the charges still bolstered the Treasury’s … Read more

Parents secretly plan to leave a bigger inheritance than children expect

Parents secretly plan to leave a FAR bigger inheritance to their children than they expect is in store and just one in five families discuss plans People anticipate an inheritance of £78,000 on average from their parents Parents say they intend to pass on £124,000 on average  Just a fifth of UK adults discuss inheritance … Read more

Rugby’s Jonathan Davies would kick inheritance tax into touch

On the ball: Jonathan Davies has invested in property Former rugby star Jonathan Davies would abolish inheritance tax if he were made Chancellor of the Exchequer.  Davies was a schoolboy when his father died from cancer and later he lost his first wife, Karen, to the disease when his youngest child was only a year … Read more

Are you banking on a big inheritance to support yourself in old age?

Are you banking on a big inheritance? Many are hoping a generous bequest will support them in old age Nearly one in five adults anticipate receiving a significant sum  Young and middle aged are more likely than over-55s to expect a big bequest Plan for not getting an inheritance in case of disappointment, warns Hargreaves  … Read more

LLoyds wills blunder creates inheritance mess for hundreds of families

Hundreds of bereaved families could be forced to unravel estates wound up years ago after Lloyds Banking Group discovered a vast trove of old wills it could not match to customers. Lloyds confirmed the massive storage blunder, revealed by the Financial Times, which has left it scrambling to reunite about 9,000 families with loved ones’ … Read more