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The rules for inheriting ISAs will change from 6 April. It was announced by George Osborne in 2014 that ISAs would become inheritable by surviving spouses and civil partners. At the time, nobody – not even the Treasury – was clear what the then chancellor meant. The...

HMRC has published its annual assessment of the cost of tax reliefs. Every January HMRC publishes a table of ‘Estimated costs of principal tax reliefs’. Any Chancellor facing a budget deficit is bound to run his eyes down the list to see where the money is...

This is the time of year to review your pension contributions. February and March are rightly popular times for reviewing and making pension contributions. By this stage you should have a good idea of what your income for the tax year will be and how much...

Investors and their advisers should start to turn their focus to the end of the tax year on 5 April. ISA contributions have historically always been focused on the end of the tax year. This is the case even though it would make more sense to...

Last month saw another Budget – for Scotland, this time.  The Scottish Budget in the middle of December contained potential omens for the whole of the UK with its proposed changes to income tax bands and thresholds. In the foreword to the main Budget document,...