The end of the 2017/18 tax year is fast approaching, so Lewys has prepared this short checklist to make sure you have made the most of all available allowances before they are lost. Contact your adviser if you need to discuss any of the below.     ISA Allowance All of our clients will be familiar with the ISA. Introduced over 18 years ago, all growth and withdrawals from an ...
Mar 5, 2018 By Prism IFA Economy, Tax Read more
Over-55s risk falling prey to the inheritance ‘sibling tax trap’. On 6 April 2017, a new additional main residence nil-rate band (RNRB) was introduced, which allows for less Inheritance Tax to be paid in situations when a family home is left to children, grandchildren or certain other ‘qualifying beneficiaries’ – including stepchildren and foster children. (more…)
Jun 8, 2017 By Prism IFA Tax Read more
New Inheritance Tax rules apply from 6 April 2017. Unforeseen life events and circumstances can potentially impact your finances in a number of ways. We can help you to safeguard your wealth for future generations. (more…)
Apr 27, 2017 By Prism IFA Tax Read more
New regulations coming into force from 6 April 2017. As the tax year end approaches, people will be rushing to ensure they maximise their annual allowances and have their finances in good shape. This deadline applies equally to foreign expats (often referred to as ‘non-UK domiciles’) living in the UK as it does to those who were born in the UK. In fact, this year, foreign expats may have ...
Mar 27, 2017 By Prism IFA Tax Read more