The OTS Inheritance Tax Report – update

Following our recent article about the plans by the Office of Tax Simplification (OTS) to review Inheritance Tax and possible simplifications, their first report is now published – OTS Inheritance Tax Report. Following their research the OTS report focuses on...

Probate Procedure Amended

Following a trial of online digital probate applications this past summer, the Government has announced that changes to the process for probate applications by individuals will come into force on 27th November, this is just one month after the initial announcement....

HMRC reviews trusts and inheritance tax levels

HMRC have announced they have launched what has been described as the biggest review of trusts in years, which is to investigate how fair and fiscally neutral they are. Raised in the Autumn 2017 budget, according to the HMRC paper the consultation will set to make the...

Change to Probate fees – increase on IHT by stealth?

On 5th November, the Ministry of Justice provided on update on plans for new legislation to implement a new, banded structure of fees for grant of probate. The plan was originally put forward in May 2017, and it has been confirmed that it will now be revisited. Tiered...

We have partnered with Tuto, the Pension Transfer Specialists

BTWC are pleased to announce their partnership with Tuto, the leading pension specialists. Tuto provide an end to end defined benefit pension transfer service for IFA’s and professional firms, who are seeking Pension Transfer Specialist (TPS) services for their...

Why it’s important to understand who your ideal clients are

All too often when I speak with clients about their target customers I often get a generalised response that covers a vast group of people, all of whom will have varying needs and will be at different points in their requirements. for products and services. But it’s...

What is the situation with Funeral Plans?

As we find the Later Life Planning sector in a flurry of not altogether positive publicity regarding funeral plans following the recent episode of “Tonight: Pay Now, Die Later” on ITV1, we thought it worthwhile to note our views. The funeral industry, whether as a...

No thought towards the future

Capacity and the discussions taking place around capacity are becoming increasingly regular. With a population that has been ageing for a number of years, it is now starting to become apparent that as dementia has increased, added to other health issues, capacity and...

Law Commission Consultation on Wills – update

So the consultation by the Law Commission on Wills is progressing, with the view that the final report may be delivered early 2019. The impact on Wills and the sector could be substantial, particularly in regards to digitisation of Wills and the modern social and...