Latest - TAX AND TRUSTS

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  Retirement journeys set to change ‘significantly’

  30 September 2020

  Advisers will need to be prepared to service clients on very different retirement journeys to their current client base, with the landscape set to change significantly over the next 15 years, according to Canada Life.   By 2035, there is forecast to be 20.9 million people over the age of 60, but their retirement experiences...

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  Octopus Apollo VCT opens £25m fundraise

  29 September 2020

  Octopus Investments has launched a £25 million fundraise for its (£141m) Apollo VCT, which invests predominantly in commercialised B2B technology businesses with a growing customer base, repeating revenues and the potential for significant expansion. The latest fundraise, the company says, provides an opportunity for Apollo to capitalise on the increased technology adoption among businesses post...

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  Retirement income and inheritance ‘balancing act’

  27 September 2020

  Advisers face a balancing act managing clients’ desire for retirement income with their inheritance aspirations, new research from Aegon has shown. Over half (55%) of advisers say creating a sustainable lifetime income is the main objective for the majority of their clients, while a fifth (19%) say passing on savings to loved ones is...

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  Double bill webinar: IHT planning & trusts and using cash within portfolios

  23 September 2020

  Our first double bill Technical Insight Webinar took place on Tuesday 22 September and featured Prudential and NS&I, looking at the building blocks of IHT planning and where trusts fit in and how cash is an essential part of any holistic financial plan. WATCH THE DOUBLE BILL WEBINAR HERE     Cash planning in...

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  Are your clients making the most of VCTs?

  15 September 2020

  Sponsored article. For professional advisers and paraplanners only. Not to be relied upon by retail investors. If your firm has clients who are high earners, it makes sense to consider venture capital trusts. VCTs are a powerful planning tool for clients in a variety of different scenarios, and can be a good way to...

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  QROPs tax charge ‘done its job’

  14 September 2020

  The number of chargeable transfers of Qualifying Recognised Overseas Pensions  (QROPS) fell substantially last year, netting the government far less income than anticipated. A Freedom of Information request by Canada Life revealed that 13 overseas transfer charges were paid to HM Revenue & Customs in the 2019/20 tax year, down 46% compared to the...

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  Paradigm Norton publishes client-focussed Cost of Covid white paper

  10 September 2020

  Financial planning firm Paradigm Norton has published a client-facing white paper, The Cost of Covid, an in-depth look at the country’s coronavirus-induced debt liabilities and what steps the government might take to balance the books in the next Budget. Co-authored by the firm’s senior tax manager James Mohide and head of Technical, Dan Atkinson,...

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  Higher earners urged to mitigate against Budget tax hikes

  3 September 2020

  As speculation mounts that Chancellor Rishi Sunak will hike taxes to pay for the vast public spending triggered by the Covid-19 crisis, commentators have warned higher earners to take steps to mitigate the impact. According to reports, the Treasury is drawing up plans to raise between £25- £30 billion a year, with a raft of new...

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