What are the rules of Inheritance Tax?

What are the rules of Inheritance Tax? Inheritance Tax or IHT as it is also known, is a tax on the estate of someone who has passed which includes all of their property, possessions and money. Only a small percentage of estates are actually large enough to incur inheritance tax although this is increasing. It […]

Back to the future: Are you prepared for retirement?

Imagine you have a time machine. Now you can travel into the future and see yourself in 10, 20 or even 30 years’ time. What do you see? What is your health like? Do you have the same relationships? What are your circumstances? Where are you living? And what do you wish you had done […]

It isn’t just money that makes the world go round. It’s people

Some people think financial management is all about money. At Smith Eliot, we believe it’s also about people. People who care. That’s how we have built our business; on family values such as respect, honesty and trust. You see, we are not just some faceless, corporate finance company. We are a team of talented specialists, […]

Reading this now could save you a fortune in the future

Whether your retirement is still a distant dream, or just around the corner, it is never too early to start planning – and never too late to review your arrangements. In changing times, it is important to review your pension benefits. If you have more than one pension pot, it is still possible to protect […]

Paying into a pension scheme? This could affect you

Do you earn more than £110,000 a year? If so, the new tapered annual allowance could restrict your pensions tax relief. It’s never been more important to get the right advice. The annual allowance is the maximum amount anyone can tax-efficiently save into a pension each year. For most working people it is currently £40,000. […]