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Guide to getting the care you need

We’ve partnered with My Care Consultant to provide a free guide to care, designed to be comprehensive, but without being overly technical.  It has been designed to ensure that the reader gets a good grasp of the key issues involved, including the role and value of legal and financial advice,…

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Residence nil-rate band

In 2015, the then Chancellor of the Exchequer, George Osborne, announced that from 6 April 2020 married couples would be able to pass on assets worth up to £1 million, including a family home, without paying any Inheritance Tax. Even though the residence nil-rate band (RNRB) has been around for…

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Will taxes need to be increased?

A massive increase in public spending during the Covid-19 crisis means the government will certainly need to increase taxes in the short to medium term. Already the government has announced that they will borrow an extra £180 billion in the second quarter of 2020, which will probably increase the government’s…

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6 ways to bring the theatre into your home

With events and large gatherings cancelled, you may be missing out on the chance to visit the theatre. Luckily, many companies and individuals are bringing the excitement of the stage into your home. Making use of streaming services, there are plenty of ways you can watch performances from the comfort…

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The retirement checklist: How should you prepare for the milestone

Retirement is a milestone that can creep up on us quicker than expected. If you’re hoping to cut back working hours in 2020, there are some steps you should be taking to secure the lifestyle you want and ensure finances are in order. 1. Set out how and when you…

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Should you be considering an Annuity at retirement?

In the past, purchasing an Annuity at retirement was many people’s only option. However, over the last five years, other options have become more popular, but that doesn’t mean an Annuity isn’t right for your retirement plans. 2015 Pension Freedoms: Providing retirees with more choice Five years ago, Pension Freedoms…

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Running a business from home

Small businesses can choose to be taxed on the basis of the cash that passes through their books, rather than undertaking the more complex accounting calculations designed for larger businesses. This is known as the ‘cash basis’, and where a business opts to use it, it will also be possible…

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Do you let out a room in your home?

Lettings relief provides additional relief for tax where a property that has been occupied as a main residence is let out. For disposals prior to 6 April 2020, relief was available where a property was let as long as that property had at some time been the owner’s only or…

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Profit extraction in 2020/21 – What is the optimal salary?

A popular tax-efficient profit extraction strategy used by personal and family companies is to take a small salary and extract further profits as dividends. Where this approach is adopted, the starting point is to determine the optimal salary. While this will depend on personal circumstances and there is no excuse…

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