How to legally change Grandad’s Will

How to legally change Grandad’s Will

A deed of variation (DOV) is a legal document that allows the beneficiaries of an estate – if all of them agree – to make changes to a will, in the name of the deceased, after their death.

How to cut your Inheritance Tax Bill without allowing your kids to squander the money

How to cut your Inheritance Tax Bill without allowing your kids to squander the money

Inheritance Tax (IHT) is one of the taxes that most people seem to particularly resent paying, you work hard all your life, invest your money well, and then when you die your children (or other beneficiaries) face a potential tax bill because of your success.

How to save £19,000 in Tax by giving £25,000 to Charity

How to save £19,000 in Tax by giving £25,000 to Charity

There are many tax benefits to be had from giving to charity, depending on how and when you do it which can be a further bonus to you as an individual or as a business owner.

Growing the Dream

Growing the Dream

Part of the reason that we wanted to move to the countryside and buy a house with land was that we wanted to be able to grow more of our own produce than we’d been able to do in our suburban garden.

Does the wrapper matter if the contents are the same?

Does the wrapper matter if the contents are the same?

Now this could be an article about fizzy drink, chocolate or any other thing – and you could be wondering what on earth would prompt me to write about such things – but hang in there, this does have a financial relevance. The purpose of a wrapper is to hold the contents inside, and to…

Why you shouldn’t be saving for your future

Why you shouldn’t be saving for your future

At some point, most people start to think about putting money away for the future in some form – the deposit for a home, a dream holiday or your retirement and what you choose to do next can have a massive effect on the end result.

Building the right team – interview secrets

Building the right team – interview secrets

There comes a time in most business owners lives when they will need to hire some staff, or contract with a freelancer to support their business in some way. Taking on the right people to fulfil the right roles is crucial.

4 Legal and Ethical Ways to Reduce Your Tax Bill – Part 4

4 Legal and Ethical Ways to Reduce Your Tax Bill – Part 4

You’ll receive tax relief on all payments you make into your pension – whether it’s a company pension, personal pension or stakeholder pension – if HMRC has approved the pension scheme.

4 Legal and Ethical Ways to Reduce Your Tax Bill – Part 3

4 Legal and Ethical Ways to Reduce Your Tax Bill – Part 3

Gift Aid is a way that charities can boost their donations without it costing you any extra, and in some cases, you can benefit too by paying less tax – simply by completing a gift aid form with the charity concerned and letting HMRC know about the donations that you have made.

4 Legal and Ethical Ways to Reduce Your Tax Bill – Part 2

4 Legal and Ethical Ways to Reduce Your Tax Bill – Part 2

In part 2 of our quick wins for busy people, we look at the Marriage Allowance.