Latest stats on the cost of higher education and implications for planning.
The RNRB, which is designed to protect the family home from inheritance tax (IHT), was £100,000 for deaths occurring in tax year 2016/17 and has been phased in gradually over four tax years at a rate of £25,000 per annum until it reached £175,000 in tax year 2020/21.
Traditionally parents would bequeath their assets to their surviving spouse and subsequently their children. But, as we live longer, there are increasing opportunities to use intergeneration financial planning which includes grandchildren and great grandchildren too.
Pension savers and investors have seen the value of their pots tumble due to the coronavirus epidemic – but there are ways to mitigate against future falls.
HM Revenue and Customs (HMRC) has begun contacting customers who may be eligible for the government’s Self-Employment Income Support Scheme (SEISS).
Looking at the FTSE 100‘s movements in the last few days, most commentators believe that we may be seeing a bear trap right now.
The Government has published a new ‘support finder’ tool to help businesses and self-employed people to determine what financial support is available.