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Why should you make a Will?

Nearly 60% of UK adults do not have a valid Will. If you die without a valid Will in place your estate passes in accordance with the intestacy rules. So why should you make a Will? The main reason to make a Will is to ensure that your… read more


Seven Principles of Charity Governance Code

In July 2017 the Charity Governance Code Steering Group issued the ‘Charity Governance Code’, intended for use by charities and other not-for-profit organisations that deliver a public or community benefit. While it is not a legal or regularity requirement, it does set out principles and recommended practice for… read more


What you need to know about Defined Benefit Pension Transfers

If you have a Defined Benefit Pension, then you are almost certainly aware that the pension flexibilities introduced in 2015 and, in some cases, enhanced transfer values have made the option of transferring out of your Defined Benefit scheme very attractive – and there are plenty of companies… read more


Inheritance Tax Simplification

Inheritance Tax – a brief history Dating back to the 17th century, a tax on death has long been unpopular. The tax has existed in many forms since then, for example: The legacy tax of 1780 The 1796 tax on estates (introduced to fund the war against Napoleon)… read more


Annual P11D returns explained

If you’re reading this article, then chances are you have at one time or another either received a P11D form from your employer, been responsible for preparing P11D’s for employees – or both. What are they? The P11D forms are formally described as covering the Return of Expenses… read more


EMI share options await EU state approval

EU State Aid approval for the Enterprise Management Incentive (EMI) scheme, expired on 6 April 2018. While the consensus is that it will be reinstated at some stage, businesses can not currently use the EMI scheme to issue share options to employees. Often used by smaller companies, EMI… read more


Generating Additional Income for Academy Schools

Academy trusts are facing a number of the same challenges as schools still under local authority control, with press reports of 60% of trusts warning that funding cuts and cost increases are driving cashflow and budget issues. Larger deficits are, in turn, putting pressure on pay, staffing and… read more


Is incorporation right for your business?

Whether to run your business as a sole trader, partnership or as a limited company is a dilemma that business owners have been wrestling with for years. While a range of factors can impact a decision on structuring a business, finance is often key. Here we consider the… read more


The Rise of the Silver Supporters

Financial support from grandparents to their families is increasingly needed just to keep them afloat according to recent research by The Scottish Widow’s Centre for the Modern Family: Individual grandparents give around £2,200 a year to support their families 85% did not make provision for these outgoings More… read more


Employers – are you ready for the new Auto Enrolment rate changes from April 2018?

Under auto enrolment rate changes beginning on 6 April 2018, employers may be required to increase the amount of their contributions into their automatic enrolment pension. From 6 April employers will have to contribute a minimum of 2% and staff members will have to make up the total to 5%.… read more