Inheritance tax is becoming a concern to more and more people. A simple yet effective way of planning is to use exemptions and reliefs and use of the normal expenditure out of income exemption can be particularly useful.

It is a fact that inheritance tax receipts are increasing and the number of families paying inheritance tax is now at a 35 year high.  In 2009/10 2.6% of deaths gave rise to IHT.  In 2015/16 this was 7.1%.   And the expectation is that the tax receipts will increase still further with a prediction of £5.6 billion from tax year 2020/21.

Inheritance tax is obviously affecting more estates and will continue to do so.

Many people will be keen to take practical action that can reduce the impact of the tax without materially affecting their standard of living or financial security.

Episode 101:  What is Inheritance Tax? and what tax reliefs are available?

With the cost of living increasing and our electricity bills looking more like Elton John’s florist bill, we thought it even more pertinent to tax plan this season and maximise our savings.

While tax planning is an important part of financial planning, it is not the only part. It is essential that any tax planning strategy that is being considered also makes commercial sense.
In this bumper episode of the money planner, I discuss the tax allowances you can discover in a number of areas, as listed below.

1:24 Working From Home Tax Breaks
4:41 Income Tax Thresholds
8:08 Income Tax Planning
12:07 Marriage Tax Allowance
13:14 Reducing Net Income
16:07 Dividend Allowance
16:48 Capital Gains Tax Planning
21:40 Inheritance Tax Planning
23:47 Gifting Money Allowance
29:17 Savings & Investment
30:41 ISA Tax Allowance
32:26 EIS & VCT Tax Allowance
35:06 Investment Bonds Allowance
36:52 Pension Tax Allowance

Episode 102: Tax allowances for your year-end tax planning in 2022

After touching record highs in early January, many world markets have pulled back from their highs, and investors have been confronted with worrisome headlines in the financial press regarding record inflation and more recently the Russian invasion of Ukraine.

Is rising inflation and Russia’s invasion a negative for equity investors? Do large losses in a handful of popular stocks signal a downturn ahead for the broad market?

Listen to my podcast to discover whether you should change your investment portfolio based on the current news and events.

For my article visit:
https://warrenshute.com/financial-news-events/should-i-be-changing-my-portfolio-considering-the-news/

For other financial planning articles about investing, pensions or debt please visit: https://warrenshute.com

Episode 103: Should you change my investment portfolio considering the news?

In recent years we’ve seen a resurgence in property investing brought on partly by the stamp duty holiday. But what should you do when it comes to your money? should you invest it into a property? or should you invest it in the stock market?

In this episode, I will detail the reasons why I believe equities make better investments than property.

For the article visit:
https://warrenshute.com/saving-investing/should-you-invest-in-property-or-shares-why-it-pays-to-back-global-plc/

Episode 104: Should you invest your money in property or in the stock market?

In this podcast episode, discover the secret to a happy retirement and how to plan ahead to help make your retirement the best years of your life.

For more financial planning help please visit warrenshute.com/

Episode 105: The secret to a happy retirement

A lot of people are stressed out by a lot of things at the moment - Markets are down, prices are up, and interest rates are rising.

So should you be thinking about cashing out your investments, and leaving the stock markets?  Watch this podcast to find out more.

For more financial planning help please visit www.warrenshute.com

Episode 106: Is it time to get out of the stock markets?

With interest rates rising and the economy being so uncertain, now more than ever you need to be financially secure.  A great way to increase financial security is to repay your debt, but it’s not easy, is it.

I use a process that’s different to most others when it comes to getting debt-free, because it focuses on making you feel good as you go along your debt repayment journey.

It’s called the Snowball System because your little decisions will build up to make a big difference.

Episode 107: Snowball your way out of debt - learn a debt repayment system that works!

Your New Year’s Eve celebrations may seem a distant memory, and for many of us when we start a new year we commit to some resolutions; goals that we’d like to accomplish in the following twelve months.

However, if you're struggling to complete your financial goals for the year, how can you get back on track?

Episode 108: Essential actions to take before the year ends

The UK tax system is notoriously complex, and it's not just our ‘cash income’ such as salary and bonuses that we pay income tax – we also pay it on any benefits in kind (BIK) or ‘non-cash benefits’ that we receive in employment. 

You should be aware that they can be deceptively unkind in tax terms, despite their name, watch this episode to discover more.

Episode 109: Check your tax details - it could be costing you thousands

My name is Warren Shute, and I am one of the UK’s leading Financial Planners and a bestselling author of The Money Plan. I realised there were many people who did not feel comfortable reaching out to a Financial Planner, either because they did not feel they earnt enough, had enough or were just put off by the term ‘Wealth Manager’.

So after I won Certified Financial Planner of the Year, I decided to turn my attention to help those individuals and families make better money decisions as I believe everyone deserves to have financial freedom, freedom from the worries of money, regardless of wealth or status. I set up http://warrenshute.com and wrote the bestselling book "The Money Plan" to help with just that.

Now you can listen to my weekly YouTube show "The Money Planner" as a podcast, where I discuss ideas and strategies for better money management so you can become financially free. Don't forget to visit my website http://warrenshute.com for free useful downloads and more useful information and resources.

In The Money Planner Podcast, each week I explore all things relevant and topical with finance in a relaxed and fun conversation style. I drill down into the necessary details covering such topics as couples finance, debt management, childrens pocket money, investing & pensions, and how to achieve your financial goals.

If would be great for you to leave me a nice review or let me know any topics you would like me to cover in future

Episode 104: Should you invest your money in property or in the stock market?

The Money Planner

Related tracks