Q. I am planning to retire later this year having elected to defer taking my state pension when I was entitled to almost 6 years ago. As a result my state pension when I take it later this year will have increased by just over 60%. I understand that I also have the option to take… Read more »
Q. I am considering giving a grandfather clock to my son. I inherited it from my father in 1985, when the probate value was £1000, but it has recently been valued at £20,000. What are the tax implications? As I am a widow, my only son will receive the rest of my estate in my will,… Read more »
Financial Planner, Ray Prince, will be a guest speaker at a North East Dental Seminar delivered jointly with Trinity Chambers and Sintons Solicitors’ Health Care Team. Ray, who specialises in helping doctors and dentists plan for their long term futures, will focus on the changes to the NHS pension scheme coming into force in 2015… Read more »
Q. I am buying a property with my girlfriend. We are intending to share the mortgage but I am putting up the deposit which is 20% of the purchase price. What is the situation if we split up? A. This is an area which has been the subject of some legal cases recently, and whilst I… Read more »
Q. My husband and I set up a discretionary trust for our grandchildren to which we gave £100,000, five years ago. My husband has now died. What is the Inheritance Tax situation? A. Firstly, I am sorry to hear that your husband has passed away. As you set the trust up jointly, you were each treated… Read more »
