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We now have a clear understanding of how much the main State Pension will increase next April.

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With the interest rates at levels not seen for many years, it is increasingly likely that interest will arise on service charge and other funds held that will necessitate the filing of tax returns and tax becoming due.

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Following their victory in the 2024 UK election, the new government have to begin to deliver on their manifesto. Heres what is will mean for businesses.

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The risk of relying on homemade wills was highlighted in a recent case where a will was held to be invalid. Even a well-written will must be kept up to date given the possibility of future inheritance tax (IHT) changes.

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New research has put some surprising numbers on the income needed in retirement.

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The introduction of a £500 income exemption from 6 April 2024 will impact many trusts. It comes with various complications, especially as income within the £500 exemption will still be taxable in the hands of beneficiaries.

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The number of trusts filing self-assessment tax returns for 2021/22 was 37% lower than for 2003/04. The decline comes as no real surprise given the eroding advantages of using a trust and the recent requirement to register trusts with HMRC.

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State pension increases could be outpacing inflation next April, and there’s no guarantee of the Triple Lock surviving the next election.

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Most people draw their state pension as soon as it becomes available, but If you do not make that claim your state pension is automatically deferred until you choose to claim it.

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If an English or Welsh domiciled person dies without leaving a will, the amount that a spouse/civil partner can inherit has increased.

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The average IHT bill is now nearly £62,000, with much larger amounts payable if an estate includes a property in London or the South East.

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New data from HMRC show the Treasury’s inheritance tax (IHT) receipts have doubled since 2012/13. Source: HMRC. Of all the various taxes levied in the UK, IHT is one of