Will you benefit from the “main residence IHT allowance”?

In his July 2015 budget The Chancellor, George Osborne, announced changes to the threshold at which inheritance tax will become due; effectively raising the inheritance tax (IHT) threshold to £1m from £650,000 for married couples who leave their home to their children or grandchildren. Although Read more…

What you need to know about the Flat-rate state pension

Next year a flat-rate state pension will replace the existing two-tier system, but while its creation was hailed as a triumph by removing huge complexities and creating greater incentives to save into private pensions. The single-tier pension is now mired in criticism over the way Read more…