Q. My two children are aged 14 and 10. The younger child received a child trust fund but the older one missed out. We like to treat them equally so invested in a Junior ISA for the elder child a few years ago. I understand that Child Trust Funds have now been stopped, so what… Read more »
Q. I am 55 in August and have been looking at the new Pension Flexibility rules. I do not work at present, but have a deferred pension in a Final Salary scheme. Can I get the value out from it? A. Unfortunately I do not have enough information to answer your question definitively. The new rules were… Read more »
On the evening of Thursday 30th April, Rutherford Wilkinson Ltd, in conjunction with Trinity Chambers Matrimonial Finance Barristers, will be following up on last year’s “Bolt from the Blue” seminar covering the ramifications of the new pensions flexibility originally announced in the 2014 Spring Budget, which become available from 6th April 2015. Now that the… Read more »
Q. I have read that the government intends to review “Deeds of Variation” with regard to inheritance tax. Does this mean I need to review my will? A. A deed of variation is the facility to alter the terms of a will, or possibly the rules of intestacy, up to 2 years after someone dies. This… Read more »
Q. What is the Marriage Allowance for tax purposes? A. HMRC has released further details of what is now being called the Marriage Allowance but was previously launched as the “Transferable income tax allowance”. This is the ability for one spouse (or civil partner) to transfer up to 10% of the personal allowance (or £1,060) to their… Read more »
