Public service pensions: urgent tax and pension updates after the McCloud ruling
Written by Tax Associate Director, Kelly Gould The McCloud ruling has major implications for public service pension schemes, with significant changes to pension tax records and retirement planning. If you’re affected, it’s important to understand what’s happening and take the right steps to protect your financial position while ensuring compliance with HMRC. Here’s what you […]
Short video: Family investment companies explained
Wealth planning is evolving. Trusts were once the go-to solution for passing on wealth, but today’s tax rules make them far less attractive. Taxes on the way in, high taxes on growth, and more taxes on the way out all reduce the value you’re trying to protect. Family investment companies (FICs) offer an alternative. […]
Spring Statement 2025: What the Government’s proposed ISA reforms could mean for your savings
Written by Private Client Associate Director, Liz Higgins Chancellor Rachel Reeves has made it clear that boosting the UK economy is high on her agenda. One area in the spotlight is Individual Savings Accounts (ISAs). If you currently hold an ISA, or you’re thinking of opening one, you may be wondering what the proposed changes […]
HMRC’s new Inheritance Tax Grossing Up calculator: what it means for you
Written by Private Client Associate Director, Liz Higgins Calculating Inheritance Tax (IHT) is rarely straightforward, and it becomes even more complex when gifts in a Will are left “free of tax.” In 2017, HMRC released a grossing up calculator in PDF format, which required a step-by-step manual approach. While effective, it wasn’t the most user-friendly […]
Check your state pension forecast
30/01/2025 Written by Tax Consultant, Tim Palmer If you have gaps in your national insurance payments dating back to 2006, you can go online to see if you need to make additional contributions, to secure a full state pension. You can use the new HMRC online tool to check your state pension forecast, which […]
Gravita’s year end personal tax planner 2024-25
28/01/2025 Get ahead with Gravita’s comprehensive guide to the 2024-25 tax year. This guide is designed by our expert private client team to help you make informed decisions before the end of the tax year. What’s inside: Personal Income Tax: What are the latest rates and allowances, and how do they apply to you? […]