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Pensions come under Inheritance Tax rules from April 2027

Pensions come under Inheritance Tax rules from April 2027

Pensions are set to be drawn into the Inheritance Tax (IHT) net from April 2027, in a major change to the current rules, which means you need to know what to expect so you can prepare accordingly. Currently, pensions are often outside your estate for Inheritance Tax...
Maximise Your Tax Allowances Before 5 April

Maximise Your Tax Allowances Before 5 April

There’s just over a month until the end of the tax year on 5 April, which means now is the time to check whether you’re making full use of the tax allowances available to you. Many allowances reset on 6 April and if they’re not used, they’re often lost. A short review...
Watch for these signs of economic abuse in relation to tax

Watch for these signs of economic abuse in relation to tax

Domestic abuse is something some of us will have experienced in our lives, often without realising it until someone else points it out. But domestic abuse takes many forms, and one of these is financial, or economic abuse, which is often a big part of controlling...
Taxpayers must be careful how they report CGT this year

Taxpayers must be careful how they report CGT this year

Taxpayers with capital gains liabilities that they need to declare in their self-assessment tax return need to take extra care this year to avoid receiving a penalty from HMRC. Changes made to the Capital Gains Tax (CGT) rates part-way through the 2024/25 tax year...
Missed the January filing deadline? Here’s what to expect

Missed the January filing deadline? Here’s what to expect

Thousands of people once again took the chance to use some quiet time over the festive period to file their self-assessment tax returns, with 4,606 people even filing their return on Christmas Day. In total, 37,435 people completed their return over the three days of...