Tax & Technical

Tax & Technical | 13 Nov 13

Following heavy cuts in pension allowances, and more expected within the year, an offshore bond is a useful consideration to complement a pension fund. The trick is to invest both to best effect.

Tax & Technical | 24 Oct 13

This week HMRC announced that it would be clamping down on companies offering to liberate pension funds for individuals. But despite the UK’s pensions minister calling the actions of these firms “fraudulent”, the issue looks set to continue for quite some time to come, says Gary Heynes, private client group partner at Baker Tilly.

Tax & Technical | 22 Oct 13

From 5 August 2013, AIM stocks became a permitted ISA investment. Within a month the first fund group introduced an AIM ISA inheritance tax saving product the first of many. These changes may alter the advice offered to international clients.

Tax & Technical | 23 Sep 13

If a UK expat dies in Spain, their executors may find themselves embroiled in the Spanish inheritance tax system regardless of where the deceased paid his tax as Helen Rowett, a partner in the private client department of Lodders Solicitors, explains.

Tax & Technical | 12 Sep 13

For UK residents spending time abroad, holding investment bonds can be a good way to avoid paying unnecessary UK tax. However, legislation from HMRC calls for a new calculation. Though deemed ‘not overly complex’, it’s not exactly simple either.