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LARSLARSLARSLARSLARS
Join Date: Aug 2014
Location: CRUMPETVILLE
Posts: 8,605
Battle Record: 28-3
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marriage has its benefits too lets not get into all that stable environment for a family shit for now, BUT inheritance tax alone here is a big one. you get to pass on your assets in the event of death without incurring inheritance tax. sure, you may not be thinking of that now while you're relatively young, but Ive worked in and around death for 15/16 years so its at the forefront of my mind. IHT is charged at 40pc on estates that are worth more than £325,000. However, if you are married or in a civil partnership, all assets can be passed to a surviving spouse without any inheritance tax being applied whatsoever. BOOM! married couples here get some relief on Income Tax too. you can reduce the tax paid on savings, investments and on rental properties if one of you pays less tax than your spouse. this is ideal in my case as my wife has given up work while our little one was born/too young for school to stay home with baby. you can transfer assets to minimise tax bills and pay less Capital Gains Tax too Pensions come into play down the line as well.. I stand to get half my wifes pension in the evnt of her death, where as if we were only living together I'd probably get zero of that
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- Netcees Rebuttal Tourney - Art of Writing League (x 4) - AOWL Season 11 Champion (Undefeated Season) |
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