by Tom Richards | Dec 11, 2023 | HW Insights, Investments, Retirement, Tax
In the complex world of personal and business finance, there are two professionals who play crucial roles in helping individuals and organizations make the most of their financial resources, Accountants and Financial Advisers. While they often have distinct areas of...
by Tom Richards | Jun 5, 2023 | HW Insights, Tax
The previous articles in the inheritance tax series have looked at what inheritance tax is, the rate at which it is chargeable, available exemptions and allowances, and ways to reduce or mitigate the tax liability. This final article will look at some of the most...
by Tom Richards | Jun 5, 2023 | HW Insights, Tax
There are a variety of different products available which use trusts in order to mitigate an IHT liability. Each of these products will have an underlying trust which will be either an Absolute (Bare) Trust or a Discretionary Trust. We will look at the high level...
by Tom Richards | Mar 21, 2023 | HW Insights, Tax
How does the 60% tax trap occur? A real world example of the 60% tax trap Is there anything I can do to reduce or remove this tax burden? How can Howard Wright help me with the 60% tax trap? In this article, we are going to discuss income tax and an often overlooked...
by Tom Richards | Mar 14, 2023 | HW Insights, Tax
What is Inheritance Tax? Main Residence Nil Rate Band Explained Additional Allowances Gifts the 7 year rule Working out if Inheritance Tax is due on an estate How much Inheritance Tax is paid? Who pays inheritance tax? What can be done if funds are not sufficient to...
