inheritance tax allowance Archives - Philip J Milton & Company Plc https://www.miltonpj.net/tag/inheritance-tax-allowance/ North Devon's Leading Wealth Managers Tue, 01 Apr 2025 15:57:23 +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 inheritance tax allowance Archives - Philip J Milton & Company Plc https://www.miltonpj.net/tag/inheritance-tax-allowance/ 32 32 ‘Low key’ Spring Statement contained few surprises https://www.miltonpj.net/2025/04/02/spring-statement-holds-no-great-surprises/ Wed, 02 Apr 2025 09:00:00 +0000 https://www.miltonpj.net/?p=11762 The Chancellor’s Spring Statement did not contain a great deal we hadn’t already heard and no immediate prospects for economic growth. In a relatively low key affair, Rachel Reeves set out her latest update on the economy and restated plans to cut the welfare budget as well as making cuts to Government departments, as we […]

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]]> 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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]]> 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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]]> 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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