Utmost Wealth Articles Archive

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.

Reliefs and Exemptions

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

Order of gifts

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

Retirement Planning

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

Protected settlements and Offshore Income Gains (OIGs)

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

HMRC commissioned research into the use of trusts

In November 2018 HMRC published some research they commissioned from Ipsos MORI. The research explored the use of trusts and took responses from settlors as well as professional advisers or “agents” who help settlors establish trusts. The aim appears to have been to gain an understanding of settlors’ motives in establishing trusts and the extent … Continued

The removal and retirement of trustees

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

Autumn Budget 2018

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 

Clarity of Vision

Source: International Adviser UK edition. Date: 17 October 2018 Paul Thompson, Group CEO of LCCG discusses how the groups Utmost Wealth Solutions business is progressing Download the full article here

Are you ready for the drop?

On the basis you have been able to manage Capital Gains Tax (CGT) liabilities along the way, collective investments essentially became a closer cousin of the ISA following the introduction of the dividend allowance. John Haley, Technical Sales Manager, discusses the dividend allowance drop due on the 6th April 2018 and what that means for … Continued