News

Beneficiaries paid 11% more Inheritance Tax in November 2017 than in November 2016. HM Revenue & Customs collected £445M, compared with £400M in the previous November. Have you checked the level of Inheritance Tax that is likely to be paid on your Estate? Why not contact Ward Williams Financial Services Ltd on 01932 830664 or by email on wwfs@wardwilliams.co.uk to find ou ...

IHT

There is a little known tax perk which cuts the cost of financial advice by up to £310 a year. It is in respect of legislation that came in to force last November in respect of pension advice vouchers. Employees can swap up to £500 of their pay each tax year for a pension advice voucher through salary sacrifice. The voucher can then be used to obtain financial advice about any ...

The government has announced proposals to extend pensions auto enrolment to include younger workers and to amend the way in which contributions are calculated. According to the press release: ‘The review’s recommendations, which will now be progressed and legislated for where necessary, will see: automatic enrolment duties continuing to apply to all employers, regardless o ...

The government have announced a delay to the roll out of tax free childcare which was expected to be fully implemented by the end of 2017. From 24 November 2017 the service is available to parents whose youngest child is under 6 or who has their 6th birthday on that day. Parents can apply online through the childcare service which can be accessed via the Childcare Choices websi ...

Tax