STEP urges Treasury to rethink IHT on pensions
STEP has written to the Treasury to highlight what it says are “serious issues” in the proposed pensions tax changes that will result in families owing tax before probate is granted. The letter sets out recommendations to resolve eight practical issues STEP says risk creating difficulties for bereaved families, personal representatives, beneficiaries and pension scheme […]
Dutton Gregory campaign promotes ‘the people behind the difference’
A social media campaign from regional firm Dutton Gregory shines a spotlight on the people behind the firm. The campaign will see 12 of the firm’s legal team publish short films under their own name, exploring who they are, what drives them and the difference they make. Participants are drawn from across the firm, from […]
Newlywed gifts subject to 50-year-old IHT ‘tax trap’
Families gifting money to newlyweds could face an inheritance tax trap due to the continued deep freeze on exemptions, one of which has remained unchanged for more than 50 years. Research by NFU Mutual has found under rules dating back to 1975, parents can each give £5,000 to a child when they get married or […]