by AJN Accountants | Dec 20, 2024 | Pensions
At the Autumn Budget the Chancellor announced plans to remove the exemption which allows unused pension funds to be inherited tax free. Currently, if a pension holder dies before the age of 75 their beneficiaries can generally inherit the remaining funds tax-free,...
by AJN Accountants | Dec 18, 2024 | Tax Planning
As expected, the Chancellor has confirmed the abolition of the generous tax regime enjoyed by non-UK-domiciled individuals, or ‘non-doms’. Broadly, the current rules apply to a UK resident whose permanent home – or domicile – for tax purposes is outside...
by AJN Accountants | Oct 25, 2023 | Advice, Business, Tax Planning
A family investment company (FIC) is a company set up specifically for investment purposes rather than trade. The corporate entity is set up as a normal company and is limited by shares. Property, cash and equity often make up the investments held within an FIC. A...