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How Inheritance Tax (IHT) works and what’s changing
08 August, 2025Inheritance Tax is one of the most debated and misunderstood taxes in the UK. It in theory only affects a minority of estates, but with rising property values and falling tax reliefs, more families are finding themselves pulled into its scope.
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A Beginner’s Guide to Capital Gains Tax (CGT)
07 August, 2025In our third post of this week, we are looking at Capital Gains Tax, when you pay it, how much it is, and ways to reduce your bill legally. Capital Gains Tax (CGT) often catches people by surprise. Whether you're selling a second property, some shares, or even a valuable piece of art, CGT might apply and if you’re not prepared, the bill can be bigger than expected.
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What Is National Insurance? How it works, what you pay, and how to reduce it
06 August, 2025National Insurance (NI) is one of those deductions that quietly appears on your payslip every month. While it’s often lumped in with income tax, it’s actually a separate contribution that helps fund key state benefits including the State Pension. In this post, we’ll cover who pays it, how much you pay, and smart ways to avoid paying more than you need to.
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Understanding Income Tax in the UK (2025 Edition)
05 August, 2025What it is, how it works, why some people pay 60% income tax and ways to mitigate your tax bill. Income tax is something most of us pay, but few truly understand. Whether you’re employed, self-employed, or receiving a pension, income tax affects your take-home pay, so understanding how it works can help you make better financial decisions and keep more of your money in your pocket.
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Major Pension Tax Shake-Up: Inheritance Tax Set to Hit Unused Pensions from 2027
23 July, 2025On 22 July 2025, the UK government published the long-anticipated draft legislation that will bring significant changes to how unused pension funds and death benefits are treated for Inheritance Tax (IHT). These changes are due to come into effect from 6 April 2027 and in this blog post we will outline the key takeaways, what this means for you and what you should be doing.
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The FTSE 100 at an All-Time High – Should You Still Be Investing?
16 July, 2025As the FTSE 100 reaches record highs, many investors find themselves asking a familiar question: Is now really the right time to invest? It’s a natural concern. The instinct might be to hold off, assuming that a market at its peak must be due for a fall. But the truth is, trying to time the market is one of the biggest traps an investor can fall into.
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Navigating Mortgage Rates: Fix Your Deal Today or Wait for What's Next?
12 June, 2025The mortgage market is a hot topic right now, with a key question on many homeowners' minds: Should you fix your mortgage deal now, or is it better to wait, hoping for rates to fall further? Recent cuts to fixed mortgage rates have certainly grabbed attention, coming just ahead of the Bank of England's crucial decisions on the base rate. But how much further can fixed rates really drop, will they drop at all, and what’s the smartest move for you?
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What is sequencing risk & why is it important to understand when retiring?
14 May, 2025When planning for retirement, many people focus on average returns, portfolio size, and withdrawal rates. But there's a lesser known yet critical concept that can make or break a retirement plan: sequencing risk.
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Childcare Tax trap warning as parents could be losing £20k after rule change
03 April, 2025High-earning parents in the UK are set to lose out on over £20,000 of childcare support annually due to recent government changes, according to new data.
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Why You Should Start Investing Now: A Guide for the Everyday Investor
13 January, 2025As financial advisers, we often hear people say, “I’ll start investing when I earn more,” or “Investing is too complicated for me.” While these concerns are common, delaying your entry into investing could mean missing out on opportunities to grow your wealth and achieve financial independence. Today, I want to break down why starting your investment journey now is one of the wisest decisions you can make, regardless of your current financial situation.
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Venture Capital Trusts (VCT)
06 December, 2024By investing in a Venture Capital Trust you can claim income tax relief of up to 30% on the amount that you have invested. Meaning that if you invested £15,000 into a VCT you could reduce your tax bill by up to £4,500!
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Autumn Budget 2024 summary: what are the key takeaways?
30 October, 2024In this post we will explore the main takeaways from the Autumn Budget 2024.
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How much income do you need in retirement?
12 August, 2024The question appears to be a simple one, but the answer is not. Over the years there have been many attempts to find the right number, some more robust than others. The classic – and now largely abandoned – solution was that retirement income should be two thirds of earnings immediately before retirement. That basis, often a target for last century’s final salary pension schemes, has now largely been replaced by calculations focused on expenditure in retirement.
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Trust Registration
22 July, 2024Did you know that trustees failing to register a trust with HMRC could result in a fine of up to £5,000? Since September 2022, HMRC have required all relevant trusts to be registered.
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Lifetime Allowance 2024
17 May, 2024As you may well be aware, in the Spring 2023 Budget, the Chancellor of the Exchequer announced the abolition of the Lifetime Allowance. Unfortunately, however, this headline is somewhat misleading as the LTA has not so much been abolished but has instead been replaced with new allowances. In this article we explore these new allowances.
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Inflation
23 April, 2024Just last week the Bank of England released the latest inflation data for the UK. Inflation is most commonly measured by the Consumer Prices Index (CPI) and the most recent data showed that prices rose by 3.2% from the end of March 2023 to March 2024. In this blog post, we will look at what inflation means for you, how it is linked to interest rates and what you can do to combat inflation.
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General Financial Advice meeting
24 January, 2024Looking at making a financial decision and unsure on where to turn? At Adanac, we can offer you the second pair of eyes you may need to help guide you through your decision and give you that peace of mind.
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Mortgage Capacity Reports
05 October, 2023Navigating the complexities of divorce can be overwhelming for many individuals, particularly when it comes to property division and mortgage considerations. With this in mind, and with the introduction of the new Standard Directive in March 2022 which requires all divorcing couples to provide indicative material of their borrowing capacity as part of divorce proceedings, we have received numerous enquiries regarding the availability of Mortgage Capacity Reports. ~ By Matthew Helyar
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