The Powers and Duties of Trustees

The Powers and Duties of Trustees

The powers and duties of a trustee can be neatly categorised between: Dispositive – how, and in what circumstances, a trustee can distribute trust income and/or capital Administrative – how the trust is to be run When ‘running’ a trust, it’s a fundamental duty...
Making Gifts Under a Power of Attorney

Making Gifts Under a Power of Attorney

The Office of the Public Guardian for England and Wales (OPG) has recently provided updated guidance on how attorneys and deputies should approach making gifts on behalf of the person that they act for (known as ‘the donor’). This guidance applies to all attorneys...
The High Income Child Benefit Charge

The High Income Child Benefit Charge

What is Child Benefit? Child benefit is available to help those responsible for one or more children under the age of 16 (or 20 for those that stay in approved education or training). There’s no limit to how many children you can claim for, but only one person can...
LPAs for those with Flexible Retirement Benefits

LPAs for those with Flexible Retirement Benefits

According to research by one of the world’s leading insurers, Zurich, 79% of retirees using pension freedoms to manage their retirement savings are facing a potential ‘later-life financial crisis’. The reason being that they have not yet set up a lasting power...
GDPR Is Here

GDPR Is Here

The law has changed to protect your personal information. The General Data Protection Regulation (GDPR) is now in force and as a result, we have updated our privacy notice making it easier for you to understand how we process your personal...
Important Changes to Redundancy Payments

Important Changes to Redundancy Payments

With effect from 6th April 2018, pay received in lieu of notice (PILON) is now no longer tax free below the amount of £30,000.  Other redundancy payment lump sums will still receive the £30,000 tax-free exemption but PILON will not. National Insurance contributions...
Our 2018 Spring Statement Summary

Our 2018 Spring Statement Summary

The Chancellor, Philip Hammond, delivered his Spring Statement to Parliament on the 13th March. We’ve been paying close attention to the announcements and how they will impact on our clients’ financial circumstances. The Statement was relatively brief, but in this...