The companies in the Utmost Group can take no responsibility for any loss which may occur as a result of reliance on this information. The information is based on our understanding of current legislation. Utmost is not able to provide any legal or tax advice.
Utmost Wealth Articles Archive
Global Wealth Specialist, Julian Melling, discusses the reasons why global families need to plan for their future and why insurance bonds are a useful tool for this type of client.
Simon Martin, Technical Services Manager I would imagine that we will see some changes to the IHT regime, but I hope they don’t throw the baby out with the bathwater. Some of the IHT exemptions provide for perhaps unnecessary complexity and I think it’s likely that the budget may align with some of the suggestions … Continued
Our Selection Bond from Utmost PanEurope now has a new conversion option which could assist financial advisers when reviewing their clients’ UK IHT planning. To find out more, get in touch with your Regional Sales Manager or download the Conversion Guide
A brief summary explaining some of the reliefs and exemptions available to UK resident tax payers as part of wider IHT planning. Download the summary here
Our latest technical briefing looks at various issues surrounding making gifts in an Inheritance tax efficient manner. It uses specific examples to focus on the impact of the timing of making gifts into trusts. It goes on to explain why care should be taken where multiple gifts have been made or are intended. Download the … Continued
Barry Foster considers how clients can best plan in terms of investment selection and tax wrappers for a healthy financial retirement. Download the full article here
It was widely understood that the “protected Settlements” legislation did not include OIGs within the definition of protected foreign source income. Despite a recent technical argument that OIGs fit the description, HMRC have confirmed that they do not accept that OIGs from non-reporting funds qualify as protected foreign source income and no statutory amendments are anticipated … Continued
This technical briefing looks at situations that could necessitate a change of trustees and consider the options available to ensure the trust can still be effectively administered. Download the BRIEFING here
The Chancellor of the Exchequer, Phillip Hammond, delivered his second autumn budget against the backdrop of ongoing Brexit negotiations and persistent uncertainty. Our updated technical briefing and tax table represent our current understanding of the major issues arising from the autumn budget 2018. Download the TECHNICAL BRIEFING Download the UK TAX TABLES SUMMARY