Chartered Accountants of Poynton, Cheshire |
|
Keep your income below the age allowance limitThere are many ways to save tax - all of them perfectly legal. For example, if you are over 65, keep your income below the £18,900 limit - at that limit the higher allowances are scaled back. Call us at Appletons Accountants and we'll tell you more! Pay less tax - Create a tax shelter investmentThere are many ways to save tax - all of them perfectly legal. Did you know that.... Tax can be effectively deferred by investment in Enterprise Investment Scheme shares, Venture Capital Trust shares (both subject to limits), or in film finance partnerships? Call us at Appletons Accountants and we'll tell you more! Tax ReturnsIf you submit your tax details to us, we can advise you of your exact tax liability. |
Inheritance PlanningInheritance tax (IHT) has been described as a 'voluntary' tax for the very wealthy, but a 'serious' tax for the merely comfortable ! This is because the very wealthy can afford to give their wealth away during their lifetime, but those who aren't so well off need to keep their personal wealth to fund their retirement. Large numbers of these 'comfortable' people are now finding that increased property values has meant that their estates will now be liable for inheritance tax when they die. Inheritance tax (IHT) is currently payable where a person's taxable estate is in excess of £275,000. Therefore, if you own your own home and have some savings, life assurance policies or other assets, your estate could be liable for IHT. Fortunately, this IHT tax bill can be largely avoided – we at Appletons are here to show you how. What does IHT mean for you - and your family?When you die, tax will be payable on the combined value of your death estate and any gifts made in the preceding seven years which have not qualified for one or other of the lifetime gifts reliefs. The tax is payable from your estate, so if you want to make sure that the taxman's slice is kept to the minimum, you need to start planning now. How we can helpWe can help you put together a personal plan for minimising the inheritance tax on your estate, using one or more of the key strategies:
Your Estate and WillInheritance tax is a concern for more and more families. Effective estate planning is vital to ensure that your assets will go to your chosen beneficiaries. more... 
Effective IHT PlanningIt could be said that the art of IHT planning is to give away as much as possible during your lifetime, while still keeping enough to ensure that you and your spouse can live a comfortable and fulfilling retirement... more...
Protecting Your InheritanceWhat can you do to minimise your Inheritance Tax liability? An important point to note is that the family house is not exempt from IHT. This means that many estates will be subject to IHT on death by virtue of the private residence.... more...
|