Inheritance Tax (IHT) is a tax on the estate of a deceased person, which includes property, money, and possessions. In the UK, the current IHT threshold is £325,000, and anything above this amount is taxed at a rate of 40%. If you are a UK resident, this tax applies to your worldwide estate, including any property or assets held abroad. However, with careful planning, it is possible to avoid or reduce your IHT liability in both the UK and your country of residence.
Understanding the difference between a bond and a stock is crucial for anyone looking to invest in the financial markets. Both bonds and stocks are securities that represent ownership in a company, but they differ in terms of risk, return, and the way they are structured.
As you navigate the complex world of personal finance, it’s easy to feel overwhelmed by the many options available for managing your money. One critical decision you’ll need to make is whether to seek professional financial advice and, if so, how to pay for it. At SJB Global, we believe that a fee-based model is the most transparent and client-centric way to provide financial advice.
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