Wealth Design News

Pension scammers still at large

The regulator has worked with other government agencies on Project Bloom, set up to tackle pension scams. Project Bloom has identified a number of gangs with close family ties targeting
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Over 55s caught by pensions tax trap

The money purchase annual allowance (MPAA) has caught almost one million over-55s, who must now live with a permanent reduction to the amount they can put into their pension tax
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Rise of the ‘stay at home’ generation

A million more young adults in the UK are living with their parents than were two decades ago, research suggests. A quarter of 20 to 34-year-olds do so, the study,
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Gifts Exempt from IHT

A recent decision confirms that not all “parties” are political parties for the purpose of the IHT exemption in section 24 IHT Act 1984.  It is well known that gifts
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Credit market fearful of global recession

The risk of a global recession has surged to the top of the worry list for credit investors even as they push down their cash balances to snap up new-year
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Where there’s a will, there’s a way

A quarter (24%) would dispute the wishes of a loved one by going to court to challenge the bequests in their will if they disagreed with the division of their
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More stealth taxes on the cards

MPs who rubber-stamped a huge increase in probate fees have been accused of imposing a “death tax” on bereaved families by stealth, forcing families to pay up to £6,000 when
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Asset manager fees still misleading

The UK regulator has rebuffed calls from asset managers to push for changes to new EU cost disclosure rules, saying that the extreme results thrown up by the regulation are
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Thousands hit with tax avoidance bills

The Guardian reports that thousands of employees including IT and NHS workers across the UK are receiving “staggering bills” from the HMRC relating to its Loan Charge. The Loan Charge,
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