[ad_1] On Monday, I showed readers how they can fight back against Reeves’s decision to impose IHT on unused pension on death. Yesterday, I looked at all the options for gifting wealth to loved ones tax-efficiently, including one brilliant loophole that Reeves didn’t close. In this third and final section of our series, I’m looking … Read more
[ad_1] Labour has launched a multi-pronged raid on the nation’s wealth, by slapping inheritance tax on pensions and freezing the £325,000 IHT nil-rate band and £175,000 main residence band all the way to 2030. She froze IHT gifting allowances to 2030, too, further eroding their value. But to my astonishment Reeves did leave one IHT … Read more
[ad_1] Labour has launched a multi-pronged raid on the nation’s wealth, by slapping inheritance tax on pensions and freezing the £325,000 IHT nil-rate band and £175,000 main residence band all the way to 2030. She froze IHT gifting allowances to 2030, too, further eroding their value. This makes it even more important to max out … Read more
[ad_1] The Department for Work and Pensions (DWP) is reviewing a convoluted application form required for some pensioners to claim the £300 Winter Fuel Allowance, amid concerns that its complexity could overwhelm elderly claimants. Only older Britons who are on Pension Credit will be entitled to the allowance this year. However, the daunting task of … Read more
[ad_1] The majority of the aging population in Japan still prefers using cash for transactions, according to a recent report citing government data. In 2023, cashless transactions in Japan totaled 126.7 trillion yen ($885 billion), accounting for 39.3 percent of all spending in the country, said the Japanese government. The government hopes that number reaches … Read more