Q. I have just started a new job and have been provided with a company car (Audi A4). Whilst I have had company cars in the past, I have been advised that I will also benefit from free fuel for private use, which I was delighted with. However a friend of mine has suggested that it… Read more »
Q. I recently inherited £100,000 from my late aunt. This is money I do not particularly need, and potentially adds to my own estate for inheritance tax. My two children are both in their twenties and struggling to get onto the housing ladder. What is the best way to give the money to them? A…. Read more »
Q. My mother took out a Lifetime Mortgage around 8 years ago. Now she wants to move home, and repay the loan, but the amount built up in interest and penalties is almost double the amount she borrowed. Surely this cannot be right? A. A Lifetime Mortgage is a type of loan aimed at elderly people with… Read more »
Q. I run a small Limited Company employing three staff. Most of my personal income is made up from dividends from the Limited Company. Am I right in assuming that I will experience a rise in taxes next year because of the recent budget? A. Yes most likely, depending upon the level of income you take… Read more »
Q. I noticed in the summer budget that tax relief on pension contributions for higher earners was going to be restricted, but didn’t quite understand how. Could you enlighten me please? A. Tax relief on pension contributions will be reduced from 6 April 2016 for those with adjusted earnings over £150,000 per annum. Adjusted earnings… Read more »
