If your net assets are worth over £325,000 when you die, any money that you leave to anybody other than your husband, wife or civil partner will be taxed at 40%. This includes payouts from your life insurance policy, regardless of whether you’ve made a Will or not. The solution, which is very simple and cost effective, involves completing just one relatively simple document. Continue reading Why up to 40% of your life insurance payout could end up in the hands of the tax man
In these times of austerity, many people are looking at ways to save money but one expense that is well worth the bother is making a will.
Simply, if you don’t have a will when you die, you risk everything you have worked so hard for throughout your life not benefitting those you want to see looked after financially. Continue reading Don’t just leave financial problems when you die. An interesting article from Steve Sims, freelance journalist and author of The Dummies Guide to Property taxation
The two firms Directors explain how the relationship will enhance the relationship with, and the service available to, the customers of both businesses. Continue reading IFA firm joins forces with The Money Centre
Mark Alexander explains why, even though rates at these levels are extremely unlikely, high interest rates due to high inflation over a sustained period could actually be extremely good news for landlords who follow The Money Centre strategy of combining liquidity and high gearing. Continue reading Are 8% interest rates scaremongering?
We’ve been reviewing our client’s property portfolio’s now for 20 years and making recommendations that have transformed many of our clients to millionaire status. However, we’ve now developed a way to enable us to help far more clients in the future. Continue reading The Money Centre’s Portfolio Review Platinum Package is proving to be very popular as a tool to reduce Inheritance Tax for UK resident landlords with 10 or more properties or net worth of over £500,000
Buy to let mortgage advice
Many investors have become cashflow beneficiaries of the ‘Credit Crunch’ due to the lowest interest rates in history. A question I am often asked is, “Should I use the extra cashflow to reduce my mortgage balances?” I appreciate that one day interest rates will go back up again and the base logic for what I consider to be the incorrect decision to repay debt now is to reduce payments in the future. Continue reading What you shouldn’t do – buy to let mortgage advice