New focus on inheritance tax

New focus on inheritance tax

The government has requested a review of inheritance tax (IHT), focusing on making the system less complicated. The Chancellor, Philip Hammond, has asked the Office of Tax Simplification (OTS) for “proposals… for simplification, to ensure that the system is fit for...
The financial challenge for ageing divorce

The financial challenge for ageing divorce

THE AVERAGE AGE FOR DIVORCE HAS REACHED AN ALL-TIME HIGH. The average age of divorce is now nearly 46 for men and 43 and a half for women. This makes agreeing the financial settlement more challenging, because the higher the age, the more wealth there generally is to...