Take easy steps to big rewards with October’s Moneywise out now
Grab the October issue of Moneywise from WH Smith stores now for easy steps to big rewards, including tips on how to cut your energy and food bills, boost your savings, and start investing.
For just £3.95, you can also find out how to find a good accountant, be a financially savvy singleton, and get the lowdown on the new inheritance tax rules.
Joseph Valente, winner of last year’s The Apprentice TV series, spills his money and business tips, and tells us how Lord Sugar’s partnership has helped him.
October’s issue also includes our top ten tips to secure a great mortgage deal.
Plus, there’s a chance to win a luxury break in a country house hotel.
Moneywise has spent the past 26 years helping you improve your finances. To ensure you never miss out on a copy of our magazine, consider getting a subscription.
Currently, we have an offer running where you can get the first three issues for £1, and then pay £7.50 every three months – saving you over 50% on the usual annual subscription price (£47.40). See our Subscriptions page for more information.
The tax levied on the total value of your estate after you die. IHT has to be paid by the beneficiaries of your estate before they can receive any of the money from it. The money can’t be taken from the value of the estate _– it has to be paid before any money can be released. There is an IHT threshold – known as the “nil-rate band” – below which no tax is levied (£325,000 in 2011/12). Any amount above the nil-rate band is subject to tax at 40%. If your estate totals £600,000, there is no tax on the first £325,000; however your estate will pay 40% tax on the remaining £275,000, a total of £110,000. Prudent tax planning can reduce your IHT liability, so always consult a specialist solicitor.