One Four Nine Wealth Magazine – November/December – Issue 14
Welcome to the One Four Nine Wealth bi-monthly magazine
This issue was published before the Chancellor, Rachel Reeves, delivered the Autumn Budget Statement 2024 on 30 October.
The amount of Inheritance Tax (IHT) paid by families has dramatically increased over the past decade, increasing from £3.1 billion in the 2012/13 tax year to £7.5 billion in the 2023/24 tax year. This rise is attributed to growing asset values and stagnant IHT thresholds, coupled with many families delaying their planning. We look at how to maximise IHT allowances, strategic planning to reduce IHT, tax-efficient gifting and transfers, utilising pensions for IHT efficiency and additional strategies for reducing IHT.
Dividends represent the portion of a company’s profits distributed to its shareholders. Although often underestimated, reinvesting dividends is a formidable strategy, harnessing the power of compounding to deliver substantial growth over time. We consider how this effect means your investment can grow even if a share or the broader stock market shows minimal appreciation or decline.
Many people prefer to avoid the subject of long-term care. Most find it hard to contemplate going into a care home when they are older, but many will do so eventually. However, planning for these potential expenses is important before they become urgent. The NHS, while a cornerstone of healthcare in the UK, only covers care costs in specific circumstances, primarily when related to medical health needs. We delve into this difficult and complex topic.
Read issue 14, November/December, here.
The next issue will be January/February 2025.
For more detailed information on any of the topics and themes covered in any issue please do reach out to your local investment, financial advisory or planning team here.
One Four Nine Group
