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Autumn Statement: Gov't raises IHT nil rate band to £329k
by William Robins on Dec 05, 2012 at 13:40
The inheritance tax (IHT) nil rate band will increase by 1% in 2015-16 to £329,000, the government has announced.
The IHT nil rate band has been frozen since 2009 at £325,000. The government said the measure would raise an extra £35 million by 2017-18.
The threshold was frozen in the 2010 Budget until 2014-15. If the estate is more than the threshold, IHT is charged at 40% on the amount over the nil rate band.
From April 2012 anyone who leaves over 10% of their estate to charity can choose to pay a reduced rate of 36%.
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iShares: Time to shatter the ETF myths
As result of industry changes - the retail distribution review - and a growing focus on cost-efficient solutions, we anticipate the number of investors using ETFs will rise significantly over the coming years.
But as with any newer product, especially in the financial world, various misconceptions about ETFs have perpetuated over the years and iShares is committed to addressing and ultimately dispelling these.