Withdrawal across the segments
Previous questions and videos
Working out how much you can pay into your pension can be quite tricky, especially when you need to consider the interaction of the Annual Allowance with the general tax relief rules. In this video we look at the technicalities of getting to the important part - how much can I actually pay into my pension and get tax relief?
Tax relief isn't as simple as 20%, 40% and 45%, client circumstances dictate the level of tax relief. In this video, we explain how you work out tax relief and where higher than marginal rates can be found. The higher the relief, the higher the return!
Realising gains at the end of the tax year is a common activity but when investments are bought at different times the dreaded 'share pool' comes into play and the calculation of how much to surrender to use up your Annual Exempt Amount (AEA). This video takes you through a case study on how to realise gains up to the AEA and equally important, what you might want to do with the proceeds.
Investment income and gains may not actually be subject to tax but might still trigger a need to self-assess. In this short video we look at when investment income and gains trigger self-assessment returns along with some planning thoughts.
Some would say that the normal expenditure out of income exemption is the most generous of the Inheritance Tax (IHT) exemptions - it's unlimited.
This video looks at how it works and also how you might use it to start making inroads in your client's IHT liabilities.
Events
Session 007 - wrapped or not, on or off and what about trusts?
The changing tax landscape, in particular Autumn Statement 2022 and last Autumn's Budget, has put the use of bonds for financial planning firmly in the spotlight.
Barrie Dawson, Senior Technical Manager from M&G's technical team is running Bonds School from 11th February with Sessions 001 to 006 covering the key features and tax aspects of insurance bonds.
Now we are up to speed, had our knowledge refreshed or didn't need an update (delete as appropriate) it's time to pull it all together to take a look at the big questions to answer when looking to use bonds in financial planning.
