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
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
We wanted to share with you two great achievements by members of the Prest team, of whom we are very proud. Zoe Cullen, who has been with Prest for eight years, has recently achieved the Diploma in Financial Planning which has presented her with the opportunity to work on more technical aspects of financial planning.
Prest Financial Planning has boosted its operations with two significant new appointments. The Stockport firm of Chartered Financial Planners has taken on Simon Baggott as Practice and Operations Manager and David Kershaw as a Paraplanner to support its continued growth. Simon has worked in financial services for the last 14 years and is responsible for
The way we advise retired clients who are taking a “drawdown” income from a defined contribution pension fund was turned on its head four years ago. Previously the most common advice to clients with other liquid assets had been to spend their pensions first. Any unspent pension funds were taxed at a rate of 55