Are Family Investment Companies Right for Your Wealth and Inheritance Tax Planning? With ongoing changes to inheritance tax (IHT) legislation and increasing concerns about preserving family wealth, many high-net-worth individuals are exploring advanced estate planning strategies. One option attracting growing interest is the Family Investment Company (FIC). A Family Investment…
Have you thought about giving a cash gift to someone close on the day of their wedding or civil partnership? This could not only be a generous gift, but can also be tax efficient for you. Under the Inheritance Tax rules you can give tax free: Each Parent (including Step-Parents)…
Happy New Year from everyone at Folkes Worton! Here’s our first Tax Update of 2023 – watch this space for our regular monthly updates. New Year Resolutions to Save Tax At this time of year we think about New Year’s resolutions. It is also a good time to start planning…
Back to School - childcare vouchers or tax-free childcare account? We take a look at which government scheme is right for employers and staff.
The Government is concerned about the lack of take up of tax-free childcare accounts, with HMRC estimating that only about 25% of families eligible for the scheme have joined. With many parents returning to work following the pandemic, they should be encouraged to set up a tax-free childcare account to…