In the Autumn statement, Conservative chancellor Jeremy Hunt confirmed that the Inheritance Tax threshold would be frozen at £325,000 until 2028 in a bid to provide additional income for the government. Hunt originally made the decision to freeze the IHT threshold last Spring until 2026 but has now announced the two-year extension as a result […]
Yesterday at 11.30 a.m, Jeremy Hunt delivered his first Autumn Statement as the new Chancellor. As he had pre-warned this included some ‘eye watering decisions’ as he set out the government priorities of stability, growth and public services. Given that the UK economy is in recession according to the Office of Budget Responsibility (OBR)this was […]
With retirement on the horizon, it’s only natural for many of us to start thinking about how we’d like our estate to be split between our nearest and dearest. While creating a will is an invaluable first step, it’s also wise to consider how much tax will be levied against your relative’s inheritance; especially if […]
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