The government has seen record high inheritance tax receipts, totaling £4.3 billion in the first six months of the tax year, with a potential for another record year in 2024/25. There are rumors of potential changes in the upcoming Budget, such as tightening exemptions and applying capital gains tax to inherited assets, prompting individuals to review their estate and consider gifting strategies to reduce their IHT bill. Married couples can combine their nil-rate bands to pass on up to £1 million tax-free, while individuals should be cautious about gifting to avoid triggering potential tax penalties.
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Looking to Rest Easy Amid Stock Market Turmoil? Consider These 3 No-Brainer ETFs for Passive Income.
Investing in the stock market often involves navigating selloffs and volatility, but exchange-traded funds (ETFs) like the JPMorgan Equity Premium Income ETF (JEPI), Vanguard Utilities ETF (VPU), and Vanguard Energy ETF (VDE) can help mitigate risks while providing passive income. JEPI focuses on low volatility and offers a nearly 7.5% dividend yield, while VPU, with a 2.9% SEC yield, benefits from consistent revenue in utility stocks, outperforming the S&P 500. VDE presents a buying opportunity...
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