Year: 2019

Checklist for the new tax year

The new tax year began on 6 April. This has a number of implications for the various forms of tax relief and allowance from which you could benefit. Any allowances that you used up in full during 2018/19 have now been reset and you can begin using them again. But what if you did not

Chief Executive’s blog April 2019

In my last blog I wrote about Prest’s primary core value, which is “family”. This time I want to concentrate on another value that underlies everything we do as a firm: “integrity”. We summarise this value in the following way: “We are committed to bringing the highest standards of trust, professionalism and knowledge to bear

Introducing… Shelby Gillespie

At work When did you join Prest? One year ago in June! What is your role here? Administration Team Leader How would you explain what you do for a living to an eight-year-old? I help people make the best use of their money. What has been your proudest moment while working for Prest? Being promoted

Reducing Inheritance Tax by making gifts

If the estate of a deceased individual is valued at more than the “nil rate band” of £325,000 (or £650,000 for a married couple/civil partnership) then any assets above this value are likely to suffer Inheritance Tax (IHT). This is, in the 2018-19 tax year, charged at 40 per cent. IHT can potentially  be mitigated

Chief Executive’s blog February 2019

Our primary and most important value as a company is our strong family ethos. Prest Financial Planning was founded in 1961 by my father Jim and was run from the family home until I joined him in the 1980s. I am proud, too, that my daughter Hayley has represented the third generation of our family