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Personal wealth and tax planning insights
Topical tax and financial planning insights from our Private clients teams, designed to help you grow and protect your wealth.
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25 Nov 2025
UK tax uncertainty in Portugal
As the UK braces for the Autumn Budget, financial uncertainty looms large. With the government facing pressure to raise revenue and balance public spending, there are growing expectations of potential tax increases affecting higher earners, property owners, and business owners. This environment of unpredictability has once again prompted individuals and families to consider alternatives abroad and...
13 Nov 2025
The million (and a bit) pound pension question
With the planned introduction of Inheritance Tax (IHT) on pensions, many people are starting to rethink how much they should be saving into their pension pots. While the Lifetime Allowance (LTA) has now been abolished, its previous limit of £1.073 million may still offer a useful benchmark.
24 Jul 2025
Wealth tax & personal finances
As the UK government looks to address the fiscal gap, the concept of a wealth tax has resurfaced, but what could a wealth tax entail, and what implications would it have for individuals and the broader economy?
18 Jul 2025
What the UK IHT changes mean for US citizens
Caught in the tax trap: US expats in the UK could face steep Inheritance Tax (IHT) penalties.
14 Jul 2025
The temporary repatriation facility
The rules introduced by the Finance Act 2025 fundamentally changed how non-UK domiciled individuals (non-doms) are taxed, mainly for the worse. However, the Temporary Repatriation Facility (TRF) was one of the few changes likely to be positive for many non-doms.
10 Jul 2025
British stars face hefty tax bill after Wimbledon
Both Emma Raducanu and Cam Norrie bowed out of Wimbledon this week following their respective defeats to Aryna Sabalenka and Carlos Alcaraz. However, the disappointment doesn’t end there as they now could both face hefty tax bills following the tournament.
22 May 2025
Rugby stars could face double tax on tour fee
Whether it’s the British and Irish Lions touring Australia this summer, golfers competing across the PGA and DP World Tours or F1 drivers competing in over 20 different countries throughout the 25/26 season, understanding the tax exposure for international athletes is critical.
29 Apr 2025
Revisiting your pension choices
In 2015, most public sector pension schemes, including the NHS Pension Scheme, underwent reforms and, as a result, many members had to transition into new arrangements.
28 Apr 2025
Business Relief changes - impacts on your business
Business relief changes will take effect from 6 April 2026. These significant changes mean a reduction in Business Relief from 100% to 50% for business interests over £1 million.
14 Apr 2025
Rory McIlroy's tax bill following Masters win
Rory McIlroy’s long-awaited win at the Masters has captured the hearts of golf fans worldwide, as he donned the iconic Green Jacket at Augusta National Golf Club. Alongside this career milestone, Rory earned $4.2 million in prize money. However, his victory also brings intricate tax considerations that highlight the financial complexities faced by professional golfers.
9 Sept 2025
How life insurance could protect estates from IHT
Following the announcement that from April 2027, pensions will be included in the value of an estate for IHT purposes, many are now looking to protect their estate from a possible double or even triple tax charge.
9 Sept 2025
How will the IHT charge on pensions impact you?
It has now been confirmed that an Inheritance Tax (IHT) charge will be applied to pensions on death from April 2027.
19 Feb 2025
How to plan for IHT pension changes
From April 2027, pension funds will be subject to Inheritance Tax (IHT). While there is still some time before these changes take effect, most individuals will need to give serious consideration to their planning strategies, and potentially take action before April 2027.
14 Feb 2025
Love and Legacy: Inheritance Tax bill
Valentine's Day is arguably the most romantic day of the year and no surprise, it is also one of the most popular days to get engaged, with 10% of all marriage proposals happening on 14 February.
4 Feb 2025
Premier League player tax bills could exceed £2.1m
We estimate that over £1 billion will be paid annually, and this figure is expected to increase by more than £23 million as a result of employer NI contribution rates set to take effect from 6 April 2025.
29 Jan 2025
Year-end tax planning 2024/25
As we approach the end of the 2024/25 tax year, it's important to ensure that you have maximised all available allowances and reliefs, as some can help you save thousands.
14 Jan 2025
Tax rates to increase on company vehicles
Within the detail of Labour’s first Autumn Budget were several tax increases on company vehicles. These changes will most likely impact the level of tax paid by employees and overall net reward, as well as further increase costs for businesses too.
7 Jan 2025
How to afford the rising cost of care fees
High inflation levels, the impact of increased energy bills and successive National Living Wage (NLW) uplifts (that have exceeded inflation) have hit the care sector particularly hard. In fact, according to research from Laing Buisson, some individuals will be paying up to 20% more for a bed in a nursing or residential home, in 2023/24 than they would have done in 2021/22.
11 Dec 2024
Our 2024 year-in-review
Just 12-months ago, we ended 2023 with some hope - hope that inflationary pressures were finally stabilising, offering better prospects for financial markets and global economies after two years of rising prices and high interest rates. As we reflect on the year that’s been we’d encourage you to pour a festive tipple, grab a mince pie, and settle in.
28 Oct 2024
Autumn Budget predictions 2024
Rachel Reeves has confirmed that Labour will have to raise taxes in a bid to claw back some of the Government's £22bn debt, with changes expected to be announced in the 30 October Autumn Budget and possibly effective from this date too.
9 Aug 2024
Selling your business – common tax myths
When selling a business, complex tax rules can cause additional angst at what is a stressful time for the seller. Below we debunk some of the most common tax misconceptions that can arise during the sale process, providing support for those who are considering or going through an exit.
Labour announces further changes for non-dom rules
Labour announced further details on the proposed changes to the non-domicile regime, which were first introduced by the Conservative Government in Spring.
2024/25 Tax Rates: UK Updates
Welcome to our detailed guide on the 2024/25 tax rates in the United Kingdom. This article provides the latest information on various tax rates and allowances, crucial for both individuals and business owners effective financial planning. Understanding these rates is essential in navigating the complexities of the UK tax system. Let's delve into the specifics of the 2024/25 tax rates!
What is the four-year FIG regime?
As part of the Budget announcements, new arrivals to the UK will be eligible for a new Foreign Income and Gains Regime (the “FIG Regime”). This is set to apply from 6 April 2025. For new arrivals to the UK, the regime could be very attractive.
Changes to the taxation of offshore trusts
Alongside the shake-up to the UK’s longstanding non-domicile regime, significant changes are to be made to the taxation of offshore trusts. Interestingly, the current proposal will put many offshore trusts back into the same position they were in before the changes introduced in 2017 and trustees will need to consider the implications for themselves and beneficiaries.
Changes to the UK non-dom tax regime
Currently, an individual's UK tax position is influenced by their domicile status. Under the proposed changes the concept of domicile will be disassociated from an individual’s income and capital gains tax exposure and replaced with a residence-based test.
Tax year-end planning
Preparing for 5 April 2024.
Can I gift all my net excess income IHT-free?
My approximate net recorded income is £90,000 per tax year and my recorded expenditure is approximately £70,000 per tax year. Am I able to gift the entire £20,000 difference annually, without incurring inheritance tax on any of the £20,000?
Inheriting a Pension – changes to death benefits
Pension funds have, for some time, been used as a tax-efficient way to pass wealth to future generations as they, in almost all instances, sit outside of an individual's estate. Pensions are therefore not part of Inheritance Tax (IHT) calculations and are not subject to the punitive 40% IHT rate.
Changes to the Pensions Lifetime Allowance
Pensions are a tax-efficient way to save. An individual receives tax relief on the money paid in, tax-free growth during the period that they hold a pension, and the ability to access money tax-efficiently in retirement (a combination of tax-free cash and taxable income). There is no limit on how much can be built up within pensions, however taxes may be applied upon drawdown.
IHT planning for LGBTQ+ couples
While personal and family circumstances will differ for each couple, tax rules are the same for both LGBTQ+ and non-LGBTQ+ couples.
IHT planning for married and civil couples
In most cases, transfers between spouses and civil partners are fully exempt from Inheritance Tax. This exemption applies to both lifetime gifts and assets transferred upon the death of one spouse. However, special care should be taken when only one spouse is long-term UK tax resident, as the spousal exemption may be limited in such cases.
What the Budget means for your NHS Pension
16/03/2023. The Chancellor, Jeremy Hunt has announced wholesale changes to pension legislation in the form of an increase in the Annual Allowance and plans to abolish the Lifetime Allowance.
FURBS and EFRBS
Funded Unapproved Retirement Benefit Schemes (FURBS) and Employer-Financed Retirement Benefit Schemes (EFRBS) are discretionary trusts established for the benefit of a company’s employees and their families.
CGT changes that could benefit divorcing couples
Under current tax rules, 6 April is the optimal separation date for divorcing couples.
What is non-domicile status?
Every individual has a domicile and can only have one domicile at any given time. It is where they consider their permanent home to be, and it is distinct from nationality and residency.
ATED – what does it mean for you?
Annual Tax on Enveloped Dwellings (ATED) is an annual tax payable by a ‘non-natural person’ (usually a company) that owns high-value residential properties in the UK. The meaning of ‘high value’ has changed significantly since the introduction of ATED in 2012 from £2m to a much lower value of £500,000.
Women in Financial Advice Awards 2022 nominees
We are delighted to announce that ten women from Mazars have been shortlisted for the Women in Financial Advice Awards 2022.
Lifetime Allowance FAQs
Our Lifetime Allowance FAQs explain all you need to know about the recent freeze, how this could affect you and what you need to do.
Our Private client and tax team
