Financial services is understood to be critical to the future success of the UK, and is an area that has direct impact on EU and UK residents alike so politicians are very aware that this needs agreement sooner rather than later.
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The Global economy continues to be unpredictable, as numerous financial and political influences such as Trump and Brexit continue to unravel.
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In recent years pension tax relief has been systematically reduced. Both the Lifetime Allowance (the effective cap of the tax benefits of using pensions) and the Annual Allowance (the tax efficient cap on contributions every year) have been severely restricted.
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If you have children leaving college, hopefully, A-level results day went to plan! If they are going to university, those next few years away from home will shape the rest of their lives.
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Living abroad to improve your tax status isn’t exclusively for those with super yachts. Much closer to home than Panama, Portugal has beautiful beaches, villages and weather.
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Think-tank the Resolution Foundation has recommended that the current Inheritance Tax (IHT) regime is scrapped and replaced with “one that is fairer to families and harder to avoid”; specifically, a “Lifetime Receipts Tax”.
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