Bespoke - for private clients
Tuesday, November 01, 2011 | Posted by: Naomi Smith
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
offshore,
income,
domicile,
UK,
Naomi Smith,
residence,
non-dom,
overseas,
residency,
non-domicile,
offshore funds,
non-residency,
remittance basis,
foreign income,
ordinarily resident,
tax liabilities,
resident
There are currently a quarter of a million online discussions asking questions about how you will be taxed if you bring money from abroad or transfer foreign income into the UK. The multitude of answers are enough to tax anyone’s brain, but the foremost deciding factor is domicile. Here,we look at the situation for both UK-domiciled and non-domiciled individuals.
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Friday, October 28, 2011 | Posted by: Mike Hyland
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
HNWIs,
income tax,
pensions,
retirement,
tax relief,
Mike Hyland,
minimise,
high earners,
higher rate taxpayer,
pension,
James Temperley,
pension series,
pensions changes,
annuity,
income drawdown,
capped drawdown,
flexible drawdown,
50% tax
A common reason clients give for not wishing to contribute to pensions are the restrictions on how and when they can access their pension benefits after retirement. From April this year there is a new option for such retirees. Flexible drawdown, as the name suggests, will give individuals much more freedom as to how they take their pension benefits.
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Friday, October 21, 2011 | Posted by: Mike Hyland
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
HNWIs,
income tax,
pensions,
retirement,
Mike Hyland,
minimise,
high earners,
higher rate taxpayer,
pension,
James Temperley,
pension series,
pensions changes,
lifetime tax relief,
lifetime allowance,
fixed protection,
50% tax
Our pension series continues with a look at the changes to the pension rules, which may cost you up to £165,000 if you don’t take action before 6 April 2012.
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Friday, October 14, 2011 | Posted by: Mike Hyland
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
HNWIs,
income tax,
pensions,
IHT,
retirement,
tax relief,
Mike Hyland,
high earners,
higher rate taxpayer,
pension,
James Temperley,
pension series,
pensions changes,
pensions carry forward,
50% tax rate,
annual allowance
After answering some of the most common pension questions in our post last week, we now consider the recent changes to the rules on pension contributions and how you could make best use of the new rules to provide for yourself and your family.
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Friday, October 07, 2011 | Posted by: Mike Hyland
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
HNWIs,
income tax,
pensions,
retirement,
tax relief,
Mike Hyland,
minimise,
high earners,
higher rate taxpayer,
pension,
James Temperley,
pension series,
annuity,
50% tax rate
Welcome to our new blog series on pensions. As an introduction, we will answer some of the most commonly asked pension-related questions and look at why now is such a good time to consider pension planning.
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Thursday, September 22, 2011 | Posted by: Dave Jennings
Categories:
Personal,
Protecting your wealth
| Tags: tax planning,
HMRC,
offshore,
income tax,
Dave Jennings,
tax havens,
disclosure,
investigation,
penalties,
banking,
Liechtenstein Disclosure Facility,
tax amnesty,
Switzerland,
Liechenstein,
evasion,
Swiss,
savings,
Tax Investigations,
UK-Swiss deal
The new UK-Swiss deal clamping down on tax evasion is expected to drive UK investors into the arms of Liechtenstein – with significant tax savings possible through the Liechtenstein Disclosure Facility (LDF).
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Thursday, September 15, 2011 | Posted by: Naomi Smith
Categories:
Personal,
Protecting your wealth
| Tags: tax planning,
inheritance tax,
IHT,
will,
Naomi Smith,
gifts,
estate planning,
BPR,
Business Property Relief,
IHT planning,
deathbed planning,
death duties,
death taxes
The concept of death taxes can come as a surprise to many. If you haven’t done any estate planning and you are looking for a quick fix, what options are available?
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Wednesday, August 24, 2011 | Posted by: Dave Jennings
Categories:
Personal,
Protecting your wealth
| Tags: tax,
HNWIs,
property,
CGT,
income tax,
Dave Jennings,
income,
investigation,
tax evasion,
Tax Investigations,
social networks,
landlords,
undeclared,
buy to let,
undisclosed
Are taxpayers with undeclared income like needles in a haystack or are they sitting ducks for the taxman? As the Government looks with renewed vigour at tax avoidance and tax evasion in order to raise the tax take, many of you are asking: ‘How can HM Revenue & Customs (HMRC) find out about my undisclosed income?’
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Wednesday, August 17, 2011 | Posted by: Dave Jennings
Categories:
Personal,
Protecting your wealth
| Tags: tax,
entrepreneurs,
HMRC,
offshore,
income tax,
government,
Dave Jennings,
tax avoidance,
budget,
disclosure,
income,
investigation,
penalties,
relief,
Liechtenstein Disclosure Facility,
Liechtenstein,
amnesty
The plumbers amnesty (Plumber’s Tax Safe Plan or PTSP) that HM Revenue & Customs (HMRC) launched in March, was criticised as being a ‘damp squib’ at the time after a low take-up with many plumbers unconvinced that HMRC had any information about any undisclosed earnings. HMRC has hit back with news that it has arrested five plumbers on suspicion of tax evasion.
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Tuesday, August 09, 2011 | Posted by: Naomi Smith
Categories:
Business,
Protecting your wealth
| Tags: business,
tax,
property,
inheritance tax,
IHT,
relief,
liability,
Naomi Smith,
estate planning,
value,
APR,
farming,
IHT planning,
agriculture,
exemption,
farms,
agricultural property relief,
leasing
Agricultural property relief doesn’t always offer farmers and farmhouse owners an exemption from inheritance tax (IHT). Here, for example, are two scenarios that may trigger a crippling final IHT bill for the unsuspecting. Read on to make sure you don’t have to sell the family farm…
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