Miscellaneous

The Equalise Premiums calculator provides an indication of the ‘equalised’ premiums for a business trust that is used for ‘owner protection’ to ensure the arrangement is commercial in that each individual bears a fair cost in relation to the benefit they are likely to receive. Business owners set up ‘owner’ protection policies so that remaining owners have...

A Relevant Life Policy is a tax-efficient way of providing death-in-service benefits on an individual basis. Relevant Life Policies are only available to Employers and is an excellent way of providing life assurance cover for Employees and directors payable to their family and dependants on death or terminal illness. The premiums paid to a qualifying Relevant...

Depending upon the objective selected, the compound calculator offers 3 choices of calculations, ; 1.  To show the fund at the end of the term, depending on the initial amount together with any regular monthly or annual payments at a particular growth/interest rate. 2. To show the monthly or annual savings amount required to achieve a particular...

The Buy To Lets calculator provides an indication of the changes applying to individual landlords regarding deducting their costs (including mortgage interest) from their profits before they pay tax which was phased in from April 2017 over 4 years so that in 2020/21 all costs will be restricted to a basic rate reduction. Previously, individual...

The Trust IHT Charges calculator will provide an indication of tax that will be due; a. At the start when relevant property trust is set up (initial charge), or b. If a withdrawal is made within the first 10 years, or c. At the 10 yearly anniversary (periodic/principal charge), or d. When funds are withdrawn...

If a client died without making a valid Will the whole of their estate immediately before their death i.e. all the property which they owned in their sole name or jointly as tenants in common, will pass under the rules of intestacy. The way in which an estate is distributed will depend on whether the deceased...