Q. I will be leaving my current employment at the end of July this year. I have been with the company for a while and have been contributing to a Save As You Earn Scheme (SAYE). Will I still be able to do so after my employment ends? A. If, before you complete your SAYE… Read more »
Q. My father has gifted me a large amount of money and with it we intend buying a house and setting up a trust for the children. I understand that my father has to survive 7 years before the gift escapes inheritance tax. What would happen if he did not survive 7 years? A. The gift… Read more »
Q. It looks as though my marital relationship has broken down and my wife and I are contemplating divorce. I am pleased to say everything looks as though it will be amicable, however, we would like to know what the best way to deal with my pension would be. I have quite significant amounts of… Read more »
Q. I am retired and in receipt of an occupational pension as well as my state pension. Recently I received my tax code notification from HMRC for the 2014/15 tax year. I was surprised to note that the personal allowance of £10,500 had been reduced to £10,000, because HMRC anticipated that I would earn in excess… Read more »
Q. I am a higher rate taxpayer and a regular saver. I was pleased to read last week’s answer regarding the increase to the amount of interest I can earn on my savings before I have to pay tax on that interest. However, did the budget have any impact upon my ability to make tax-free savings?… Read more »
