Monthly Archives: October 2021

Normal expenditure out of income

Gifts Out of Expenditure Although lifetime giving can be tax-efficient, inheritance tax will arise immediately if the donor makes outright gifts or transfers into trust in excess of their nil rate band (currently £325,000), and will also arise if the …

Posted in Shorter Reads | Comments Off on Normal expenditure out of income

National Living Wage to increase by 6.6% to £9.50 an hour

This is an increase of 6.6%, nearly double the current cost of living increase. The National Minimum Wage for 18 – 22 year olds, under-18s and apprentices will also be rising. The changes will take effect from 01 April 2022. …

Posted in Shorter Reads | Comments Off on National Living Wage to increase by 6.6% to £9.50 an hour

ESG and the Private Investor

In this recording of our recent virtual debate we discuss the extent to which the Environmental, Social and Governance (ESG) credentials of a company or investment are considered when making investment decisions. Chaired by Collyer Bristow’s Janine Alexander and Ragavan …

Posted in Videos | Comments Off on ESG and the Private Investor

Update on changes to Covid-19 temporary insolvency law measures

The temporary insolvency restrictions protections introduced in 2020 after the start of the Covid-19 pandemic are being significantly eased and replaced by new targeted measures to support, in particular, small businesses and commercial tenants. The UK Government have introduced changes …

Posted in Shorter Reads | Tagged | Comments Off on Update on changes to Covid-19 temporary insolvency law measures

GDPR and Artificial Intelligence in the workplace

In this podcast, Patrick Wheeler, Head of IP & Data Protection and Employment Associate, Patrick Kilgallon explore some concerns arising from the increasing use of AI in employee monitoring and discuss three main risks involved in implementing AI in the …

Posted in Podcasts | Tagged , , , , | Comments Off on GDPR and Artificial Intelligence in the workplace

The perils of making a fortune at a tender age

Young sports stars and celebrities face big challenges managing life changing pots of money. “Present earnings may be high and may increase, but future earnings for sportspeople and entertainers are inherently uncertain- they should hope for the best but plan …

Posted in Shorter Reads | Comments Off on The perils of making a fortune at a tender age

Flexible working is not working for women

A recent survey carried out by the Trades Union Congress (TUC) found that half of the UK’s working mothers are denied flexible working or only had their request partially accepted. It also found that 86% of women who worked flexibly …

Posted in Shorter Reads | Tagged , , | Comments Off on Flexible working is not working for women

Disputes risks for FS firms: ‘greenwashing’ and ESG reporting obligations

Companies are increasingly feeling the pressure of mounting public interest in Environmental, Social and Governance (ESG) issues. Financial services firms are no exception and in fact find themselves at the epicentre. ESG concerns are wide-ranging, spanning climate change, diversity and …

Posted in Longer Reads | Tagged , , | Comments Off on Disputes risks for FS firms: ‘greenwashing’ and ESG reporting obligations

Gifting in the Arts (CGS v AIL)

The Arts Council England saw a record-breaking year in 2020 with the value of cultural objects and art entering public ownership equating to an impressive £64.5 million with £40 million of tax liabilities being settled in return. Philanthropic giving of …

Posted in Shorter Reads | Tagged , , | Comments Off on Gifting in the Arts (CGS v AIL)

How can I help my children buy a house?

The Bank of Mum and Dad supported more than half of first-time buyers under the age of 35 in 2020 and is the sixth largest lender in the UK. The average amount provided by the Bank of Mum and Dad …

Posted in Shorter Reads | Tagged , , , | Comments Off on How can I help my children buy a house?