08 July 2015
A Budget has passed without any further attack on the LLP structure or ownership. But there were several announcements that will have an impact on businesses and their owners operating in the professional services sector.
08 July 2015
The Chancellor outlined measures to allow individuals to pass on their family home on death up to a value of £1 million without suffering inheritance tax, but the funding for this has to come at a cost to those high earners planning for their retirements. Step in changes to pensions.
01 July 2015
Without the shackles of a Coalition partner, it’s possible the Conservatives may introduce some unpopular measures in this Budget, in the hope that any outrage will die down long before another Election.
We want to help maximise the inheritance you leave to your heirs. To achieve this goal it’s important to review what inheritance tax (IHT) could be payable, identify any exemptions and reliefs, and – crucially – plan ahead.
Pensions remain a useful saving and wealth-succession tool. Up until now there has been a definite incentive to maximise contributions to ensure a comfortable retirement. But, with pension changes rife, will that momentum continue and what are the alternatives?
Jackie is a tax partner, head of employment taxes for the North East and Yorkshire, as well as leading special projects in the Off Shore Wind sector.
Mark is a Partner in the London private client team, he has over 30 years of tax experience and his particular areas of expertise are structuring businesses operating in the UK for the first time, expanding their businesses overseas or restructuring their existing UK operations.
Karen Clark is the tax partner in charge of the London private client team at RSM.