Understanding what financial wellbeing really means is a crucial part of why we do what we do here at Manse. Only when we really understand what you want to achieve in life can we then formulate a tailored financial plan to get you there.
There’s a lot written about inheritance tax (IHT) planning and much of it is useful and reasonable. There are clever schemes that involve gifting money, investing in particular share classes that qualify for certain reliefs, complicated products from life companies, and a plethora of different trust arrangements available directly from Solicitors. However, although these schemes work, before you engage in them you should firstly consider more simple solutions, some of which I have set out below.
You may be entitled to a refund of Power of Attorney (POA) registration fees, be that for your financial affairs or your health and welfare, if it was registered with the Office of the Public Guardian (OPG) between April 1st 2013 and March 31st 2017. This is due to the OPG reducing their operating costs as more people register and subsequent efficiency improvements.
In this issue, Pippa Oldfield, a Financial Planning Analyst with Leeds based financial planning firm Manse Capital looks at the opportunities available for philanthropic giving.
Buying an overseas property is probably the most exciting thing that you will ever do. The prospect of holidays to come, or even moving abroad, is a very enticing prospect for many people and when you do it, you probably can’t wait to go out to your new property. However, it does make sense to take a step back and think at this stage about who you want to inherit from you, as arranging things now can make a big difference not only in terms of making things easy for your heirs, but also in terms of reducing tax...