Q. I have been advised that I can reduce my beneficiaries’ liability to inheritance tax by making gifts and that, up to a certain level, these will be immediately outside my estate. How does this work, and are there any pitfalls to be aware of? A. Most gifts made to, for example, your children, would… Read more »
Q. My wife and I are writing our wills, but have read some articles indicating that wills can be challenged in the court, so is there any point? A. Whilst it is true that some wills have been challenged in the courts, this is still quite a rare occurrence, and unless your wishes match exactly… Read more »
Q. I understand this new “Lifetime ISA” will give me tax relief like a pension, but I can withdraw funds early. Does this mean it is better than the pension I am being Auto-enrolled into by my employer? A. In his budget George Osborne unveiled the Lifetime ISA which will be available from April 2017…. Read more »
Q. My husband died last September. He had a Personal Pension fund which had not been taken yet, and a final salary pension which had used up almost all of his Lifetime Allowance when it commenced in 2008. We had had time to prepare for his death, and our financial adviser had indicated that a… Read more »
Q. I have a Self Invested Personal Pension (Sipp) which owns the commercial property from which my company operates. I am not happy with the service received from my Sipp provider and wish to move to a different one. My solicitor has warned me that there may be a Stamp Duty cost in doing so,… Read more »
