The UK’s has introduced significant changes to inheritance tax (IHT) that could impact estate planning strategies for many families. Understanding these changes is crucial for those looking to protect family wealth and reduce potential tax liabilities.
What Is Inheritance Tax?
Inheritance tax is levied on the estate of a deceased person, including assets like property, money, and possessions. Generally, estates worth over £325,000 are taxed at 40% on the excess, with certain reliefs and exemptions available for qualifying heirs and assets.
Key Budget Updates Affecting Inheritance Tax
Threshold Freeze Extended Until 2030 The nil-rate band remains at £325,000, and the residence nil-rate band is capped at £175,000. This freeze means more estates are likely to cross the threshold over time due to rising property values. Families with estates valued close to the threshold may find themselves subject to IHT as a result.
Inherited Pensions Now Subject to IHT (From 2027) One of the most notable changes is the inclusion of inherited pensions within the IHT regime, effective April 2027. Previously, pensions passed to heirs tax-free, providing a valuable tax-planning tool. However, this change will require heirs to consider potential tax liabilities on pension assets.
Business and Agricultural Relief Adjustments Relief on business and agricultural property has been modified. The first £1 million of assets can still be transferred tax-free. For assets valued over this threshold, relief is now capped at 50%, leading to an effective tax rate of 20% for higher-value estates. This adjustment aims to prevent large estates from bypassing substantial tax while continuing to protect smaller family farms and businesses.
Inheritance Tax Planning Strategies
To mitigate potential tax burdens, there are several effective strategies for reducing the value of taxable estates:
Professional Advice: Seeking guidance from a solicitor or estate planner can help tailor tax-saving strategies to individual needs, especially given the complexities of the latest budget.
Gifting: Individuals can gift up to £3,000 annually without affecting their IHT allowance. Additionally, regular gifts from surplus income can also reduce estate values.
Using Trusts: Trusts allow assets to be managed for the benefit of heirs without adding to the taxable estate, especially useful for larger estates or properties.
Conclusion
With these recent updates, understanding inheritance tax and implementing proactive strategies is more important than ever. For tailored advice on IHT and estate planning, contact Hatch Brenner Solicitors, who can help ensure that your is in line with the latest regulatory changes.
TaxAssist Accountants has reached another major milestone for the brand as the national accountancy network reached a record breaking 7,600 qualified leads delivered to its network in 2015.
Senior Business Development Manager, James Mattam explains “We work hard to deliver good quality inbound leads to each office within the TaxAssist Accountants network each year and it has certainly been a record breaking year.”
“We delivered 6,600 qualified leads in 2014 and had been internally targeted to deliver nearly 7,000 at the start of the year and we were delighted to achieve and surpass the target in November. The franchise network are always happy to take more new enquiries and in 2016 we very much plan to oblige this request with further increases in lead numbers.”
Of the qualified leads provided to their franchisees, 1 in 2 leads convert in to fee paying clients. This could not be achieved as a network without a strong brand presence and professional training provision. New franchisees are provided with a week-long sales and marketing training course when they join the network and then regional training courses are offered to help franchisees and staff members of each accountancy practice be able to improve their conversion rate further.
James continues “Our National Marketing programme delivered over £2.2m in new client fees, to our network of franchisees. Further clients come from walk-in business from our fully branded shopfront units, local networking and referrals. It’s quite a testament to the hard work and effort our franchisees and their teams put in, that so many clients are happy to recommend using our service.”
At the end of December 2015 the total client number amounted to over 58,000 clients, an increase of 11% compared to last year. The total fee bank is also up 11% on last year’s results at £38.7m proving the model and brand remain strong for this established franchisor.
2016 is expected to be another year of growth with many small businesses needing to put in place a workplace pension scheme for their employees. TaxAssist Accountants has trained its network of franchisees and staff to be ready to help ensure their clients have pension schemes in place ahead of the staging dates.
“We’ve already helped hundreds of clients comply with this new regulation, the next two years will see tens of thousands of businesses stage their pension schemes every month. We are beginning to see enquiries come through from business owners who need our help as their accountant is not auto enrolment ready, so this huge competitive advantage will increase our opportunities to win new business in 2016. Being ahead of the curve is why many of our franchisees join and remain a part of that TaxAssist network”.
The franchisor has also seen an increase in the number of new franchisees it has taken on in 2015 and has taken on 3 new franchisees for their February 2016 course while progressing a number of other potential franchisees through their business plans. With over 200 franchised territories and 270 offices where clients can meet an accountant, the franchise is growing from strength to strength.
TaxAssist Accountants has franchise opportunities available all over the UK, and has recently opened up new territories in Central London. Anyone interested in finding out more should contact Jody Fiveash on 0800 0188297 for a confidential chat, before booking onto a discovery day.
On Friday 15th of January I attended the Norfolk Chamber of Commerce‘s careers focus group at the invitation of Caroline Williams. The focus group was looking at the careers service in schools and what could be done to get schools and businesses working together more effectively. Joining us to hear and collate our views were two members of the British Chamber of Commerce. The remainder of the focus group was made up from members of the Norfolk Chamber, leaders of local businesses, schools and colleges. There were 17 of us in total.
Before I arrived I wasn’t really sure who was going to be there or what to expect. However, it turned out be a great opportunity to catch up with a couple of people I hadn’t seen for a long time and to make some great new connections. The real eye-opener was what I learned about the school careers system in Norfolk, what many of the forward thinking schools are achieving and how businesses like mine can help to make a difference.
I also had the opportunity to talk to some of the further education establishments in Norwich and to try and help influence which new skills they offer to their students. There is a major shortage of software engineers in Norwich and Norfolk and one of the ways we need to address this is to produce more homegrown talent with the right skills for local software companies.
The event was chaired and well structured; the allocated two hours just flew by. The conversations were engaging and informative as well as there being a lot of laughter from a group of people clearly committed to making a positive difference to the young people in the education system in Norfolk.
Businesses across Norfolk are being urged to sign up to the world’s only annual day of employee volunteering – Give & Gain Day.
Run by the charity Business in the Community the day encourages businesses to give staff paid time to volunteer to help local good causes. Over 30,000 people are expected to take part in activity, which takes place on Friday 20th May. Give & Gain Day gives local community organisations, social enterprises and schools across Norfolk the benefit of volunteered resources, skills and knowledge from business.
On Give & Gain Day 2015, businesses donated time worth £2.37 million, which highlights the growing appetite amongst business to help their local communities prosper.
The benefits to business of employee volunteering are demonstrated by a recent survey from NCVO and CIPD, which found that 81% of those who took part in volunteering reported increased community awareness, 65% had increased communication skills, and 59% reported an increase in confidence. 65% of respondents would be more likely to work for an employer that encourages and promotes volunteering, yet 39% said their employer did not support volunteering.
Stephen Howard, Chief Executive of Business in the Community, said: “Volunteering is a powerful tool which builds dialogue and relationship between groups of people and organisations who might otherwise not have the opportunity to engage in a community. It also offers genuine mutual benefit – the experience builds skills and motivates employees, while helping to make a positive contribution that meets community needs.
“Give & Gain Day is all about celebrating what can be achieved in communities through the power of volunteers – but it’s more than just a day and we urge businesses that take part to use it as a springboard into deeper long term engagement in communities across Norfolk all year round”
Tina Varns, Manager, Sustainability and Ethical Sourcing at Waitrose, sponsor of Give & Gain Day, said: “Volunteering is such an important part of what we do – each of our shops supports its staff to volunteer for local good causes. Waitrose donates thousands of paid hours a year for Partners to give their time and skills to support local good causes. This will really come alive on Give & Gain Day. “
Ms Varns added: “Over 60 of our branches were involved in Give & Gain Day last year. Our branches all reported it was such a rewarding event, they hosted community conversations, networking events that brought local businesses together with community organisations to discuss local challenges. We’re really looking forward to the 20th May. Volunteering is a key way in which businesses such as ours can help make a real and visible difference to the communities in which we operate.”
Companies can get involved with Give & Gain Day on the 20th May 2016 by visiting www.bitc.org.uk/giveandgainday #Giveandgain
Norfolk Community Foundation were delighted to be selected as the Norwich Business Women’s Network (NBWN) ‘Charity of the Year’ in 2015. The long running networking group established the ‘NBWN Community Fund’ which raised a staggering £7,800 which was awarded in the form of grants to four different community projects and as a contribution to Norfolk Community Foundation to support their administration and development costs. The Foundation and the charities supported received the cheque at the network’s Christmas lunch.
City Response
The City Response Centre operates in the Norwich nightime economy and offers first aid, support and referral services to anyone finding themselves vulnerable or at risk for whatever reason. Volunteers, trained in first aid support those who are most at risk from hypothermia in the night time economy. These include rough sleepers, homeless people, those in need of medical assistance, and any vulnerable adult deemed at risk such as lone females whether through alcohol/substance misuse, assault or domestic abuse. Their involvement can help to avoid a serious situation developing involving ambulance attendance. Services provided include the provision of hot drinks for the homeless/rough sleepers plus emergency clothing in severe weather. Also in co operation with the Norfolk Police Rape investigation team the centre provides a “Safe haven” where lone females at risk can be referred and a safe solution to their problems can be found. In the past 9 months over 1,800 hot drinks were provided to vulnerable people.
The grant will contribute towards the modest cost of operating this service including electricity and water costs which enable City Response to help those in need of assistance.
Norfolk Homemakers Furniture Project
Norfolk Homemakers collects donated furniture and furnishings and sells them on to people who are vulnerable or on a low income at low cost. They also recycle items thus reducing the demand for landfill. The charity also has a small workshop which provides training and support for those recovering from mental ill health, enabling them to gain confidence, new skills, make friends, provide meaningful activity, and for some enable them to go back in to employment. The charity has around 15 volunteers currently.
The grant will contribute towards the running costs of the organisation including equipment, transport to deliver to vulnerable and low income families and general costs. The project, through its workshops helps to improve life skills, education, employability and enterprise and a number of people have already started on the path to employability as a result of the project.
Time Norfolk
TimeNorfolk (previously Pregnancy Choices Norfolk) provides free, confidential support to women and their partners who have experienced a pregnancy loss through miscarriage, termination or still birth. Support is also provided for parents who decide to continue with their pregnancy. Pregnancy Loss Support counselling is offered free to clients to help deal with the pain and loss associated with miscarriage, termination or stillbirth which can lead to depression, anxiety, anger and emotional numbness and relationship difficulties.
The grant will be used to deliver 48 pregnancy loss recovery sessions in Norwich supporting four families through one to one support to help them cope better with their loss.
New Routes Integration
New Routes seeks to develop the capacity and skills of disadvantaged minority ethnic individuals and communities to support the fulfilment of potential and enable active involvement in society and to contribute towards social and racial cohesion; thereby integrating into the wider community. They provide activities such as a Women’s International Friendship Group, English classes with child-play volunteers, dance classes, craft and conversation, mentoring and befriending, homework support club for BME 11+ and music clubs for ‘hard to reach’ young people. These activities primarily support recently settled, ethnic minority individuals, families and communities in Norwich. Many have limited or no English language skills, compounded by a lack of understanding of the systems and procedures adopted in the UK. New Routes has identified that there are very skilled women that have arrived in Norwich, who in their own countries had responsible roles, but once given refugee status here, are not able to find jobs or have to take low paid roles, such as cleaning.
The grant will be used to cover the cost of a project co-ordinator and mentors to deliver a project that engages with local employers who wish to make a meaningful contribution to the integration of 6 recently settled, refugee women in Norwich. Aviva is supporting the project by hosting an employment event in 2016 and will invite other businesses. This will help to promote the project start to build the relationships needed for success.
To find out more about how businesses can get involved with the Foundation whether as part of their corporate responsibility programme or thorough selecting a ‘Charity of The Year’, visit the Corporate Giving section of the Foundation’s website.
We are extremely proud of Luke Brown, Matthew Campion & Shahrukh Zaffar for representing KLM UK Engineering at an Apprenticeship celebration reception yesterday, which was held at No.10 Downing Street. During the reception the guys had the chance to chat with The Rt Hon Sajid Javid – Secretary of State for Business, Innovation and Skills.
Freebridge Community Housing has made the ‘Sunday Times 100 Best Not-For-Profit Organisations to Work For’ list for the third year in a row.
The West Norfolk based housing and community organisation, which featured on the list in 2014, and 2015 has once again appeared in 2016. Freebridge has also retained its One Star accreditation meaning the organisation is ‘very good’ at employee engagement’
Through the Best Companies process, Freebridge employees were able to share their thoughts on the organisation through a confidential survey. In addition, Freebridge also completed an extensive questionnaire which provided an overview of its working practices and culture.
The process assesses companies on themes such as Leadership, My Team, Wellbeing, Personal Growth, Giving Something Back and My Manager.
Freebridge will find out exactly where it is placed on the ‘Sunday Times 100 Best Not-For-Profit Organisations to Work For’ list in February 2016.
Tony Hall, Chief Executive said: “It’s a fantastic achievement that we continue to be an organisation featuring on the Best Not-For-Profit Organisations to Work For list.
“This is our third year in a row and it’s very much down to our employees, who make Freebridge such a great place to work. Our employees are constantly demonstrating that they live the values we hold dear as an organisation. In turn this means that our customers receive the best service that they can and people enjoy working here.”
“We are very proud that we can represent west Norfolk in this way, and the accolade goes a long way to our vision of Supporting A Better West Norfolk.”
Freebridge will now use the feedback from the Best Companies process to improve employee satisfaction and continue to make Freebridge a place where people want to work.
In a recent l the UK High Court allowed Philip Morris to inherit from his wife’s estate, despite his involvement in her assisted death. This judgment has sparked important discussions around the legalities of compassionate end-of-life decisions and the future of inheritance law in the UK. At Hatch Brenner, we are following these developments closely to guide clients in navigating estate planning amid evolving legal standards.
Case Overview and High Court Decision
Myra Morris, who was terminally ill with a degenerative neurological condition, chose assisted dying in Switzerland in late 2023. Her husband Philip accompanied her, honoring her wishes but ultimately facing the risk of forfeiting his inheritance under UK law. Traditionally, UK laws prevent individuals involved in a person’s death from inheriting their estate. However, the court ruled in Philip’s favor, acknowledging the compassionate nature of his actions and the family’s unanimous support for his inheritance rights. This judgment opens up new considerations for cases where individuals accompany loved ones abroad for and may signal a more nuanced application of the law.
Implications for the Forfeiture Rule and UK Law
The ruling marks an exception to the forfeiture rule, a legal doctrine designed to prevent individuals implicated in another’s death from benefitting financially. In this case, the court weighed Philip Morris’s compassionate motives, his wife’s explicit wishes, and the support from other beneficiaries, thus granting him his inheritance. The ruling arrives as Parliament is set to debate the Assisted Dying Bill, a proposal that would grant terminally ill adults in England and Wales the right to pursue assisted dying under strict regulations.
Impact on and Assisted Dying Legislation
For families and legal practitioners, this case underscores the importance of thorough documentation in estate planning, especially when addressing end-of-life choices. The ruling invites greater sensitivity in drafting wills and administering estates in cases involving assisted death, highlighting the need for professional guidance in understanding how a client’s specific circumstances might intersect with inheritance law.
Hatch Brenner is Here to Help
At Hatch Brenner, we understand that navigating inheritance law—especially in sensitive cases involving assisted death—can be challenging. provides expert support for complex estate planning, ensuring that your final wishes are honored. If you have questions or would like to discuss your estate, please contact us to schedule a confidential consultation.
We’re pleased to announce that we are exhibitingat not one, but TWO events this year!
We will be attending both MACH 2016 andEuropean Offshore Energy 2016. Both will be heldin the same week in April at the NEC inBirmingham.
We will be displaying our weld data loggingequipment, gas flow, subsea MPI…and some brandnew equipment, to find out what, you’ll have tocome and see us!
With your support we can make wishes come true so that children, young people and families can access life-changing creative experiences.
Norwich Theatre receives no regular revenue funding from any public sources. As a registered charity, we rely on the support of our audiences, community of supporters and charitable foundations, along with our commercial activities such as our café, bars and restaurant, to help us deliver our charitable mission.
Our Christmas Appeal provides a great opportunity to use the season of goodwill to raise money to support and grow our charitable activities in the coming year. For five years now our loyal supporters have shared in this tradition, raising nearly £100,000 to help make a difference for those who need it most.
Norwich Theatre’s Christmas Appeal is raising money to make wishes come true so that children, young people and families can access life-changing creative experiences.
This Christmas we are asking for your help to make sure no children, young people or families miss out.
Every donation will help us provide accessible creative activities and remove barriers for families to get creative together, who otherwise might not have the chance.
Why have we chosen this?
Families in Norfolk are facing more challenges than ever before, with thousands struggling to get by. One-third of Norfolk’s children are living in poverty. That’s nine in every classroom. They are feeling more lonely and isolated, with one quarter saying they are “unable to cope with life.”
Creative experiences shape our lives in so many ways. From the stories we read to the shows we see to the music we hear, creativity influences how we make sense of the world, connect with others, and navigate our path through life.
We know creative experiences are fundamental to a great childhood, helping to improve confidence, resilience and self-esteem, and providing children and young people with new skills and abilities. But it’s more than that. They provide a home for families to build community, find support and connect with each other.
What will the money be used for?
The money raised will ensure all children, young people, and their families can access workshops, sessions, and world-class theatre shows.
We will do this by:
• Delivering creative workshops and holiday programmes where children, young people, their parents and carers can explore their creativity through music, drama and dance.
• Offering ‘pay what you can’ activities and reduced price or free tickets for families to make sure cost is not an obstacle to taking part and families are able to experience the magic of theatre together.
• Working with charity partners to reach the children, young people and families who face the most barriers to accessing creative experiences.
How can people support the Appeal?
• Bucket collections / contactless donations: • All performances at the Playhouse from Tue 3 Dec (A Christmas Carol) to Sun 19 Jan (Karl Minns) • All performances of Aladdin at Theatre Royal o Contactless donation points will be available for collections at Theatre Royal and Playhouse where people can tap a card to donate £3. • Collection boxes will be located across Theatre Royal, Playhouse and Stage Two • Online donations can be made at norwichtheatre.org/christmas-appeal • Christmas Appeal Raffle for £5 at Box Office or online at norwichtheatre.org/Christmas-appeal-raffle or at the Box Office. Prizes include: £150 Norwich Theatre voucher, three course meal for two in Prelude, Gold Friend membership for one year, Aladdin merchandise bundle. • Donations across our commercial activities: • £1 donated for every mince pie purchased in Café Royal • 50p donated for every mulled cider purchased in Playhouse • £2 donated for every group dining in Prelude o £1 donation off selected merchandise item. • Businesses can become Christmas Appeal Partners