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Local business owners stress the importance of community support all year long kobi5.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kobi5.com Daily Mail and Mail on Sunday newspapers.
Money Makeover: 'Should I use my £150k inheritance and pension to buy a holiday home?' telegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraph.co.uk Daily Mail and Mail on Sunday newspapers.
Our readers want to minimise the tax bills on any money they leave to their children 15 March 2021 • 6:00am Liz and Richard Fisher want to know how they can make sure their son receives his inheritance without any clawback Credit: Andrew Fox/ Andrew Fox Inheritance tax is a “voluntary bill” according to Richard Fisher, 73, from Worcester. Mr Fisher, who is planning to pass down hundreds of thousands to his children, said he wanted to minimise the death duties owed on the money he leaves. The retiree and his wife Liz, 66, both receive the full state pension each year, draw £12,000 from their £550k self-invested personal pension and receive £35,800 from their occupational pensions. This has provided them with a more than comfortable retirement, and they have £1,600 in cash spare every month. With £25,000 in Premium Bonds and a property worth more than £500,000, the couple want to see any leftover money go to their children. The Fishers have four ch ....