estate planning Archives - Philip J Milton & Company Plc https://www.miltonpj.net/tag/estate-planning/ North Devon's Leading Wealth Managers Tue, 01 Apr 2025 15:41:17 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9.1 https://www.miltonpj.net/wp-content/uploads/2018/02/PJMCO-Site-Image-4-100x100.png estate planning Archives - Philip J Milton & Company Plc https://www.miltonpj.net/tag/estate-planning/ 32 32 Days left to make ISA and Pension contributions before Financial Year ends https://www.miltonpj.net/2025/04/01/financial-year-tax-deadline-2025-looms/ Tue, 01 Apr 2025 15:41:14 +0000 https://www.miltonpj.net/?p=11753 So the dearly departed are coming to the rescue of the Chancellor, as Inheritance Tax receipts for the period from April 2024 to February 2025 topped £7.6billion and that is before the swingeing increases in the Autumn Statement where these death duties will affect pensions and businesses too.     The figure is projected to grow another […]

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]]> Equity release – is it in your best interest? https://www.miltonpj.net/2025/02/05/equity-release-is-it-right-for-you/ Wed, 05 Feb 2025 10:00:00 +0000 https://www.miltonpj.net/?p=11648 Equity release – or remortgaging your home – saw a surge in popularity at the end of 2024, latest figures have revealed. The Equity Release Council says there was an increase in lending of £622million in the last quarter of the year, up 16% on the year before, although the figure for the total year […]

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]]> Don’t become trapped in limbo with estate planning https://www.miltonpj.net/2025/01/29/estate-planning-stuck-in-limbo/ Wed, 29 Jan 2025 10:00:00 +0000 https://www.miltonpj.net/?p=11633 One of the more common financial ‘problems’ that we see all too often is the fallout from administering an estate when someone passes away. That’s not to say there is any strife within the family or a dispute over the estate but simply that the process is excruciatingly slow and really does not need to […]

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]]> Planning for IHT on pensions and should you be worried? https://www.miltonpj.net/2025/01/22/inheritance-tax-planning-new-rules/ Wed, 22 Jan 2025 10:00:00 +0000 https://www.miltonpj.net/?p=11619 A great many anxious enquiries from clients have been generated by the Budget announcement that pensions would become subject to Inheritance Tax from 2027. Join us for a brief toe-dip into the murky IHT waters and consider what options you may have – but please take advice first! Independent Financial Advisers (IFAs) have been fielding […]

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]]> Trump inauguration and UK economy https://www.miltonpj.net/2025/01/21/trump-sworn-in-uk-economy/ Tue, 21 Jan 2025 13:55:42 +0000 https://www.miltonpj.net/?p=11612 Well, despite record low temperatures for a presidential inauguration so the event is moved inside, over here spring is in the air with new bird song, Albert the Peacock’s beautiful train almost complete, bulbs are showing and snow drops are emerging. Let us hope for good things to come and a great summer! In the […]

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]]> Hold fire on pensions Inheritance Tax decision for now… https://www.miltonpj.net/2024/12/12/inheritance-tax-and-pensions-uk/ Thu, 12 Dec 2024 14:57:14 +0000 https://www.miltonpj.net/?p=11531 Reforms announced in the Budget to include unused pensions in Inheritance Tax from 2027 have rightly prompted concern and fears for those planning how to pass on their estate to their family – but don’t do anything rash just yet! This is because HMRC is running a consultation on these proposals until January 22, 2025 […]

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]]> A pre-Christmas snapshot of the economy and markets https://www.miltonpj.net/2024/12/12/economy-facing-issues-pre-christmas/ Thu, 12 Dec 2024 14:46:42 +0000 https://www.miltonpj.net/?p=11522 Well, whilst I anticipate another eshot just before the festivities, it seems apt to wish everyone a very Happy Christmas season, celebrations and relaxing times. The new government will be looking forward to some rest and apt navel gazing over the break. I am sure we shall all be wondering what might ensue from Syria […]

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]]> A bad Budget for business? https://www.miltonpj.net/2024/10/31/was-the-budget-2024-bad-for-business/ Thu, 31 Oct 2024 14:28:23 +0000 https://www.miltonpj.net/?p=11465 Welcome to the Budget. I suppose we can say ‘it wasn’t as bad as it could have been’ (as inferred previously that perhaps the snowstorm of released rumours was designed to frighten everyone witless) but there were some very nasty things in there impacting many people. I (nor independent commentators) don’t think she needed to […]

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]]> Election Eve looms https://www.miltonpj.net/2024/07/03/election-eve-looms-what-will-the-effects-be/ Wed, 03 Jul 2024 17:55:03 +0000 https://www.miltonpj.net/?p=11284 Well, we are almost there. Have you cast your vote yet (by post)…? Election Day is tomorrow and if you have an unused postal vote, you can still take it to your polling station and hand-in the envelope. However, first, to cheer you up and to change the subject, next Christmas is now nearer than […]

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]]> Inheritance Tax revenue soars – but will it affect you? https://www.miltonpj.net/2024/05/01/will-you-be-affected-by-inheritance-tax/ Wed, 01 May 2024 12:21:23 +0000 https://www.miltonpj.net/?p=11166 The last financial year saw a record £7.5billion collected in Inheritance Tax (IHT) – and it is predicted to hit £10bn by the end of the decade. The numbers from HM Revenue and Customs (HMRC) has shown that IHT receipts increased by £400m year-on-year, after £7.1bn was collected in 2022/23. This really should come as […]

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