Barrie Dawson

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Articles

IHT planning in action: Small amounts add up to make a big difference

Oct 21, 2024 | professionaladviser.com | Barrie Dawson

The Office for Budget Responsibility has forecast that inheritance tax (IHT) receipts will continue to rise and by 2028/29 will total £9.7bn a year, up from £7.5bn in 2023/24. As more and more estates are set to pay IHT, financial advisers have an increasingly important role in helping clients to plan tax-efficiently for their and their family's long-term financial futures, in a way that suits their individual circumstances.
The Morning Briefing: LGIM joins SimplyBiz solutions range; Standing up for smaller firms

Apr 9, 2024 | moneymarketing.co.uk | Barrie Dawson

Good morning and welcome to your Morning Briefing for Tuesday 9 April 2024. To get this in your inbox every morning click here. LGIM joins SimplyBiz solutions rangeSimplyBiz has announced that Legal & General Investment Management’s (LGIM’s) model portfolio service is the latest addition to its risk-controlled investment solutions range.
Tony Wickenden: Why tax-year start planning is the way forward

Apr 8, 2024 | moneymarketing.co.uk | Tony Wickenden |Nick Henshaw |Barrie Dawson |Martin Tilley

Another tax year has been and gone and no doubt there was a flurry of year-end tax planning carried out to good effect. Actions like making pension and Isa contributions to ensure allowances for the year were maximised. Where appropriate, the tax efficiencies offered by enterprise investment schemes (EIS), seed EIS and venture capital trusts will have also been considered.
Noel Butwell: Advice sector growth requires relentless focus on integration

Apr 3, 2024 | moneymarketing.co.uk | Noel Butwell |Barrie Dawson

I’m not a big believer in panaceas. But one factor I’m confident will make a big impact on the future growth of our industry is reducing the cost of delivering advice. Get it right, and it will be the key that unlocks so much more. More profitable businesses, more resilient operations and more accessible, attractive advice offerings that serve a greater volume and a greater range of people. But to achieve all this, and to future-proof our industry, we’ll need to prioritise efficiency.
The Morning Briefing: Financial advice is “a vocation and a career”; Investment advisers and "passive smugness"

Apr 2, 2024 | moneymarketing.co.uk | Tom Browne |Barrie Dawson |Haydn Barlow

Good morning and welcome to your Morning Briefing for Tuesday 2 April 2024. To get this in your inbox every morning click here. Financial advice is “a vocation and a career”, says Quilter’s Kim McCrakenFinancial advice is “a vocation, a career and something you can build on for your entire professional journey”, according to Kim McCraken, head of recruitment at Quilter Academy.
Why oral trusts aren’t sufficient for gifts to grandchildren via their parents

Mar 28, 2024 | moneymarketing.co.uk | Barrie Dawson |Emmelia Powell |Amanda Newman Smith

“A good person leaves an inheritance to their children’s children” is a little twist on an old proverb. But a wise grandparent will also seek financial advice to ensure their good intentions come to pass. The caseSue wants to gift £40,000 for the benefit of her two grandchildren. She has the capacity to make the gift and inheritance tax (IHT) is not an issue. Her plan is to transfer the money to her son, Ben, and let him invest it. Many advisers encounter this scenario after the gift has been made.
Tax doctor: How to make the most of discounted gift trusts

Jan 17, 2024 | citywire.com | Barrie Dawson

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Are bare gift trusts suitable for adult beneficiaries?

Jun 29, 2023 | moneymarketing.co.uk | Barrie Dawson

Gift trusts are a popular inheritance tax (IHT) mitigation solution if the settlor wants to gift capital outright into trust. However, IHT mitigation doesn’t need to be an objective. Another key reason the settlor might want to use a gift trust is to have control over the distribution of the trust funds to beneficiaries.
Discounting the discount: Discounted gift trusts explained

May 23, 2023 | professionaladviser.com | Barrie Dawson

"Off-the-shelf" trusts from UK life offices (and their overseas branches) provide financial planners with trust solutions that might help reduce or eliminate their clients' inheritance tax (IHT) liability. The big four are the gift trust, loan trust, discounted gift trust (DGT) and flexible reversionary trust (FRT).