Tag: Succession Planning

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Pros and Cons of QNUPS 

If you are a high-net-worth individual looking for efficient tax planning, a Qualifying Non-UK Pension Scheme (QNUPS) is definitely an option worth exploring. QNUPS are relatively new in the pensions market and offer some benefits over other pension solutions. However, they may not be suitable for everyone and it is important to weigh the pros and…
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Estate Planning: Why You Should Begin Now

If you’re wondering when the right time to start estate planning is, the answer is simple: it’s now. Our comprehensive guide will explain the importance of estate planning and why you should begin sooner rather than later.   Have you thought about what will happen to your assets and belongings after you’re gone? While it may…
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Year-End Estate Plan Review for HK Expats 

Please be advised that the information in this article regarding QNUPS and IHT is no longer accurate due to the recent changes announced in the UK Budget. Starting in April 2025, the regulations will have significant implications that may affect your understanding of these topics. We encourage you to stay informed and consult with a…
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What is Business Relief and how does it apply to IHT? 

Do you want to support grassroots businesses in the UK? Did you know that you can also benefit from certain tax reliefs by doing so? One such relief is Business Relief (BR), an often overlooked but valuable tool for any business owner or investor looking to reduce their inheritance tax bill.  What is Business Relief? …
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The Taxman Cometh: UK Government Collects £2.6bn in Inheritance Tax  

Please be advised that the information in this article regarding QNUPS and IHT is no longer accurate due to the recent changes announced in the UK Budget. Starting in April 2025, the regulations will have significant implications that may affect your understanding of these topics. We encourage you to stay informed and consult with a…
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Retiring abroad? Here’s how British expats can ensure tax-efficiency during their retirement!

Please be advised that the information in this article regarding QNUPS and IHT is no longer accurate due to the recent changes announced in the UK Budget. Starting in April 2025, the regulations will have significant implications that may affect your understanding of these topics. We encourage you to stay informed and consult with a…
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Half of UK’s Millionaires Have Done No IHT Planning At All

Please be advised that the information in this article regarding QNUPS and IHT is no longer accurate due to the recent changes announced in the UK Budget. Starting in April 2025, the regulations will have significant implications that may affect your understanding of these topics. We encourage you to stay informed and consult with a…
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HMRC wins IHT case over location of domicile of choice

Please be advised that the information in this article regarding QNUPS and IHT is no longer accurate due to the recent changes announced in the UK Budget. Starting in April 2025, the regulations will have significant implications that may affect your understanding of these topics. We encourage you to stay informed and consult with a…
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Lasting Powers of Attorney: What they can do for you

It’s common knowledge that setting up an estate plan while you are alive allows your wishes to be easily followed after death. What isn’t commonly discussed, however, is how Lasting Powers of Attorney can provide peace of mind during your lifetime. These particularly important documents apply only whilst you are alive and are totally separate…
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Will Writing – A step by step guide

Writing a will is an important part of ensuring that your assets and belongings are properly distributed after passing. It can be a daunting and overwhelming task if you don’t have all the necessary information—but it’s also one of the most crucial steps for ensuring that your loved ones are taken care of in the…
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