Tax

Mind the gap: inheritance tax shortfall stands at £600 million

Inheritance tax receipts are on course to hit another record high in the 2018-19 tax year, but there’s an estimated £600 million gap between tax owed and tax paid.

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Ask Money: what are the tax rules for my overseas family?

Martin Haggart of Aegon advises a reader with a tax question relating to a Sipp and his children who live abroad.

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Simplify inheritance tax process for bereaved families, says OTS

The Office for Tax Simplification (OTS) has called on HMRC to reduce or remove the requirement to submit inheritance tax forms for smaller or si

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Five less well-known ways to cut your tax bill

As part of Talk Money Week, we run through five less well-known tax tricks that are underutilised.

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How to minimise tax at retirement

With careful planning, it’s possible to pay little or no tax when you come to retire. Jonathan Watts-Lay outlines three examples to show you how.

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Inheritance: average is £11,000

Those aged 55 to 64 are most likely to receive the largest inheritances, figures reveal.

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Budget 2018: Pension, investment and tax predictions

We round up predictions for the plans chancellor Philip Hammond may make for his Autumn Budget on October 29.

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Inheritance tax receipts on course for new record high 

Inheritance tax (IHT) receipts are expected to reach another record high for the 2018-19 tax year, putting pressure on chancellor Philip Hammond to reform the system.

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Fifth of parents give children inheritance early

A total of £227 billion has been gifted, at an average of £32,920, in a bid to save on inheritance tax, according to research.

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