Is there a conflict between Long Term Care and Inheritance Tax Planning?
01 February 2024The issue of providing for the potential need for long-term care, whilst also looking at ways to reduce the effects of inheritance tax.
The issue of providing for the potential need for long-term care, whilst also looking at ways to reduce the effects of inheritance tax.
During 2023 we saw an elevated level of changes being made to some individual investment funds, via mergers, closures and changes in fund investment mandates.
With 2024 dawning, we look forward to the coming year with anticipation.
Understandably, many find the options for providing pension income and tax-free cash daunting, with many abbreviations, words and phrases that are simply gobbledegook.
The vast majority of workers in the UK are likely to be saving into a pension plan, thanks to workplace pension legislation.
Twice a year we listen to the Chancellor as they deliver their Statement or Budget, looking forward to how the finances of the UK will fare into the future based on current economic forecast.
They sound like fairly innocuous words don’t they - direction or discretion? but the difference it could make to your pension death benefits have very different tax outcomes.