Newsletter

This month the Department for Work and Pensions announced an acceleration of the timetabled increases to the State Pensions Age (SPA) in the UK. The new increased State Pension Age will affect those born between 6th April 1970 and 5th April 1978.  The State Pension age for this group is currently...

New reporting rules for trusts As part of a new crackdown on money laundering, rules were introduced recently which require trustees to provide HM Revenue & Customs with detailed information about the assets held in trusts and the identities of trustees and beneficiaries. The potential for the...

The ageing population Government statistics are projecting that by the year 2020 there will be 12% more people in the UK aged 65 and over than there were in 2015. This compares with an overall population growth of just 3%. Another prediction is that the number of...

Reasons for setting up a trust A trust is a legal arrangement which enables a person (‘the settlor’) to transfer the legal ownership of property, shares or cash to another person (‘the trustee’) to hold on behalf of a third person or persons (‘the beneficiary”). The main...

Probate tax The Government has announced that the cost of obtaining probate of a deceased person's estates is to be changed and will in future be linked to the value of the estate. At present, the fee is £155 when applications for probate are made by solicitors,...

Whilst Philip Hammond’s first (and last) Spring Budget delivers a rosy assessment of the British economy with unemployment at an eleven year low, it is overshadowed by the imminent triggering of Article 50 and big questions over the UK’s global economic future outside the EU. In making sure...