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  • Fri, March 21, 2025

by: MoneyWeek

How to protect your pension from the chancellor's inheritance tax changes

Pension savings will form part of inheritance tax calculations from 2027 and many retirees are already taking steps to avoid charges now
  • Thu, March 20, 2025

by: MoneyWeek

Find tomorrow's Asian giants while they are still smaller companies

Surya Pertiwi (Jakarta: SPTO) is the leading distributor and manufacturer of sanitary ware in Indonesia, with more than 3,000 dealers in its network. It is the exclusive distributor in Indonesia for the Japanese brand TOTO. The company has a 65%-70% domestic market share in sanitary ware and a 40%-50% share in sanitary fittings.
  • Wed, March 19, 2025

by: MoneyWeek

Are you paying too much for your stocks and shares ISA?

Analysis by new ISA market entrant Lightyear claims stocks and shares ISA holders are paying more than £800 million extra in "unnecessary account fees," when only holding stocks and ETFs, which can eat into their returns.
  • Tue, March 11, 2025

by: MoneyWeek

Side hustle tax changes: HMRC reforms could save thousands from filing self-assessment tax returns

The government plans to raise the tax-free threshold for trading income - here is how it could help your side hustle
  • Tue, February 18, 2025

by: MoneyWeek

Saba seven becomes four: what now for UK investment trusts?

Having been defeated by seven UK investment trusts' shareholders, Saba's new approach poses the question of what investment trusts mean to retail investors
  • Wed, February 5, 2025

by: MoneyWeek

MPs launch inquiry into AI and financial services - is it time to regulate the robots?

The Treasury Committee is looking into the risks and rewards from the rise of artificial intelligence in financial services
  • Tue, January 28, 2025

by: MoneyWeek

What the government's defined benefit pension scheme raid means for you

The government wants to let companies use extra final salary scheme funds to boost the economy but there are risks involved. What does it mean for you if you have a defined benefit pension?
  • Sat, January 25, 2025

by: MoneyWeek

Home insurance and storm damage: how the 55mph storm damage definition could affect you

If Storm Éowyn damaged your home, then this 55mph could mean you may not be able to make a claim on your home insurance
  • Fri, January 24, 2025

by: MoneyWeek

Home insurance and storm damage: how the 55mph storm damage definition could affect your

If Storm Éowyn damaged your home, then this 55mph could mean you may not be able to make a claim on your home insurance
  • Tue, January 21, 2025

by: MoneyWeek

Wage growth in UK jumps ahead of inflation

Latest job market data from the ONS shows that wages grew faster than inflation from September to November, but also reveal a worrying rise in unemployment rates
  • Fri, January 17, 2025

by: MoneyWeek

Should mortgage lending rules be relaxed to boost the UK economy?

Chancellor Rachel Reeves has been seeking ideas from financial regulators on how to boost the economy amid concerns about the UK's prospects due to higher taxes announced in the Autumn Budget. It comes as UK GDP came in at just 0.1% for November.
  • Fri, January 10, 2025

by: MoneyWeek

Fund flows flip positive after Budget and US election

Data from the Investment Association shows that two months of negative fund flows were reversed during the month of November as index trackers remain strong
  • Tue, January 7, 2025

by: MoneyWeek

How investors are protecting themselves from increased capital gains tax

With capital gains tax increasing since the Autumn Budget, investors are turning to tax wrappers like SIPPs and ISAs to shield their wealth
  • Mon, December 16, 2024

by: MoneyWeek

6 taxes going up in 2025

Inflation may be slowing and interest rates could be cut further, but households should prepare for higher tax bills next year - we look at the six taxes going up in 2025

by: MoneyWeek

What a delay in the government's pension review could mean for your money?

The Treasury is rumoured to have abandoned the next stage of its retirement market review that would have considered how to boost auto-enrolment pension contributions
  • Tue, December 10, 2024

by: MoneyWeek

The top stocks in the FTSE 100

After a year of strong returns for the UK's flagship index, which FTSE 100 stocks have posted the best performance in 2024?

How to protect your pension from the chancellor's inheritance tax changes

Pension savings will form part of inheritance tax calculations from 2027 and many retirees are already taking steps to avoid charges now
The article from MSN discusses potential changes to inheritance tax (IHT) in the UK, particularly focusing on how these changes might affect pensions. It highlights that while pensions are currently exempt from IHT, there's speculation that Chancellor Jeremy Hunt might alter this rule in upcoming budgets. The article advises on several strategies to protect one's pension from potential tax changes:

  • Maximize Pension Contributions: By contributing as much as possible to pensions, individuals can reduce their taxable estate. The current annual allowance is £40,000 or 100% of your salary, whichever is lower, with a lifetime allowance of £1,073,100.

  • Use Pension Drawdown: Instead of buying an annuity, using drawdown allows for more flexibility in managing pension funds, potentially reducing the taxable estate.

  • Consider Spousal Bequest: Pensions can be passed to a spouse or civil partner tax-free, which could be a strategy to keep wealth within the family without incurring IHT.

  • Review Estate Planning: Engaging in estate planning, including setting up trusts or gifting, can help manage IHT liabilities.

  • Stay Informed: Keeping up-to-date with government announcements and policy changes is crucial for adapting financial strategies accordingly.

    The article emphasizes the importance of proactive financial planning to mitigate the impact of any future tax changes on pensions.

    Read the Full MoneyWeek Article at:
    https://www.msn.com/en-gb/money/other/how-to-protect-your-pension-from-the-chancellors-inheritance-tax-changes/ar-AA1Bkudk