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The Fundamental Asset Podcast – Episode 6

    • In episode 6 of The Fundamental Asset Podcast, Chris Boxall, co-founder of Fundamental Asset Management and the Director of the Institute for Fiscal Studies, Paul Johnson, discuss the true cost of running Britain.

      Paul and Chris explore taxes, pensions including auto-enrollment, the ageing population, and the future of the state pension.

      Paul is perhaps one the UK’s best-known economists, a regular on BBC Radio 4, and writes a column for the Times Newspaper. He is also a published author with a Times bestseller Follow the Money, How Much Does Britain Cost.

      Key topics discussed:

      • Are we receiving good value for our taxes?
      • Will our taxes keep on rising?
      • Should we just tax the rich?
      • Is growth the answer, or raising taxes?
      • How much does the state pension cost?
      • Does auto-enrollment solve the problem of funding one’s retirement?
      • Does the risk measurement process need an overhaul?

      Listen to the podcast by clicking the play button at the top of this page or from the link here (Note: this links you to the Fund Your Retirement site).

      Fundamental Asset Management’s AIM IHT ISA and General portfolio is a discretionary investment management service where clients can obtain 100% mitigation from Inheritance Tax, benefit from the capital growth and income afforded by the AIM market and retain control of their assets.

      Webinar: “AIM TO SOAR IN ’24?”

      Fundamental’s Co-Founders Chris Boxall & Stephen Drabwell look at the topic “AIM to soar in ’24?”. The webinar is CPD eligible.

      You can find out more about Fundamental Asset Management’s AIM portfolio service from the link here or by contacting [email protected] or calling 01923 713894


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Inheritance Tax – another record smashed

ANOTHER RECORD
The latest data on tax receipts from HMRC shows that Inheritance Tax (IHT) receipts for April 2023 to December 2023 of £5.7 billion were £0.4 billion higher than in the same period a year earlier.

The 7.5% increase means the Treasury is on course to take record receipts of about £7.6 billion from IHT in the 2023/24 tax year, after surging to an all-time high of £7.1bn in 2022/23 – a £1 billion increase on 2021/22. This all results in more and more families are having to pay IHT.

Higher receipts since March 2022 are due to a combination of higher volumes of wealth transfers following recent IHT-liable deaths, recent rises in asset values, and the UK government’s decision to maintain IHT tax free thresholds at their 2020 to 2021 levels, up to and including 2027 to 2028.

A proven, effective and straightforward tax planning method to help mitigate Inheritance Tax is by investing in the shares of qualifying companies listed on AIM, which benefit from Business Relief (‘BR’). What this means is if you buy and hold shares in such companies, you could potentially pass on those shares IHT free provided that:

• the shares are held for at least two years and are still held on death
• the company still qualifies for BR at the time of the investor’s death

You could buy as few or as many shares as you wish. There is no upper limit or allowance. Provided the above conditions are met, the whole value of the investment – be it £10,000 or £10 million – should attract 100% IHT relief.

WATCH OUR WEBINAR “AIM TO SOAR IN 24?”
Our latest webinar reviews 2023 and asks is “AIM to soar in ’24?” Watch it here.

FURTHER INFORMATION

Fundamental’s AIM IHT ISA and General portfolio is a discretionary investment management service where clients can obtain 100% mitigation from Inheritance Tax, benefit from the capital growth and income afforded by the AIM market and retain control of their assets.

You can find out more about AIM ISAs here: ‘AIM ISA Explained’.

Fundamental now offers its standard AIM IHT Growth Portfolio, as well as its newer AIM IHT Income Portfolio service.

All portfolios are managed by the same team of managers and researchers that have delivered exceptional returns since the firm’s founding in 2004.

You can find out more from the link here or by contacting [email protected] or calling 01923 713894.



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The Fundamental Asset Podcast – Episode 5

In this fifth episode of The Fundamental Asset Podcast, Chris Boxall, co-founder of Fundamental Asset Management, covers news from the stock market. He also discusses where your pension money is going, starting with proposals by Jeremy Hunt in his Mansion House speech and what it might mean for AIM companies.

Other key topics discussed:

– New company listings in 2023.
– What potential impact will Mansion House proposals have on AIM shares
– Why are more companies going private than ever before
– Would tax breaks be a better option

You can also listen to the podcast from the link here (Note: this links you to the Fund Your Retirement site).

Fundamental’s AIM IHT ISA and General portfolio is a discretionary investment management service where clients can obtain 100% mitigation from Inheritance Tax, benefit from the capital growth and income afforded by the AIM market and retain control of their assets.

Webinar: Will AIM soar in ‘24?

Join Fundamental Asset Management’s Co-Founders Chris Boxall & Stephen Drabwell on Wednesday 17th January 2024 at 3pm as they look at the topic “AIM to soar in ’24?”. The webinar is CPD eligible.

You can find out more about Fundamental Asset Management’s AIM portfolio service from the link here or by contacting [email protected] or calling 01923 713894


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AIM review of 2023 and thoughts for 2024

In this video interview to close the year Chris Boxall, co-founder of specialist investment manager Fundamental Asset Management, discusses the performance of the AIM market in 2023 and some of the key events in a difficult year for AIM and smaller quoted companies in general. Chris also considers what might be in store for 2024.

You can watch the interview by clicking the image above.

Fundamental Asset Management’s AIM IHT ISA and General portfolio is a discretionary investment management service where clients can obtain 100% mitigation from Inheritance Tax, benefit from the capital growth and income afforded by the AIM market and retain control of their assets.

Fundamental now offers its standard AIM IHT Growth Portfolio, as well as its newer AIM IHT Income Portfolio service.

All portfolios are managed by the same team of managers and researchers that have delivered exceptional returns since the firm’s founding in 2004.

You can find out more from the link here or by contacting [email protected] or calling 01923 713894.


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Autumn Statement and Inheritance Tax

Despite many articles in the press in the run-up to today’s Autumn Statement, Inheritance Tax (IHT) was neither scrapped nor were thresholds changed.

With figures this week showing that the Treasury is on course to secure a record IHT take this year; if you want to save your family money on IHT when you pass away, you can use Business Relief by investing in qualifying AIM stocks.

What this means is if you buy and hold shares in such companies, you could potentially pass on those shares IHT free provided that:

    • the shares are held for at least two years and are still held on death
    • the company still qualifies for BPR at the time of the investor’s death

You could buy as few or as many shares as you wish. There is no upper limit or allowance. Provided the above conditions are met, the whole value of the investment – be it £10,000 or £10 million – should attract 100% IHT relief.

For those already invested, say it quietly, but we may have started to see the markets taking a tentative step towards turning the corner after a torrid time; however, “one swallow does not a summer make”.

As we know from back in 2020, the nature of AIM is such that large loses can be made up quickly – early that year saw falls in AIM of around 30% before ending the year with a rise of around 20%. Whether we are at the turning point in the market remains to be seen but the issue when it does move, is it can move very quickly, and with liquidity being limited, it means those invested, could end up being the only people who can take advantage of an invigorated market whenever it arrives.

AIM IN 2023: CHALLENGES AND OPPORTUNITIES

In a recent interview with IG’s Jeremey Naylor, Chris Boxall, co-founder of specialist investment manager Fundamental Asset Management, discusses AIM’s challenges in 2023 and suggests what prospective investors should be looking for in the current environment and also what they should expect, when investing in AIM and smaller quoted companies.

You can watch the interview by clicking here.

Companies discussed include AB Dynamics, CVS Group, Jet2 and RWS Holdings.

FURTHER INFORMATION

Fundamental’s AIM IHT ISA and General portfolio is a discretionary investment management service where clients can obtain 100% mitigation from Inheritance Tax, benefit from the capital growth and income afforded by the AIM market and retain control of their assets.

You can find out more about AIM ISAs here: ‘AIM ISA Explained’.

Fundamental now offers its standard AIM IHT Growth Portfolio, as well as its newer AIM IHT Income Portfolio service.

All portfolios are managed by the same team of managers and researchers that have delivered exceptional returns since the firm’s founding in 2004.

You can find out more from the link here or by contacting [email protected] or calling 01923 713894.


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AIM in 2023: challenges and opportunities

In this video interview Chris Boxall, co-founder of specialist investment manager Fundamental Asset Management, discusses AIM’s challenges in 2023 and suggests what prospective investors should be looking for in the current environment and also what they should expect, when investing in AIM and smaller quoted companies.

You can watch the interview by clicking the image above.

Companies discussed include AB Dynamics, CVS Group, Jet2 and RWS Holdings.

Fundamental’s AIM IHT ISA and General portfolio is a discretionary investment management service where clients can obtain 100% mitigation from Inheritance Tax, benefit from the capital growth and income afforded by the AIM market and retain control of their assets.

Fundamental now offers its standard AIM IHT Growth Portfolio, as well as its newer AIM IHT Income Portfolio service.

All portfolios are managed by the same team of managers and researchers that have delivered exceptional returns since the firm’s founding in 2004.

You can find out more from the link here or by contacting [email protected] or calling 01923 713894.


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Inheritance Tax Up, Stamp Duty Down

The latest data released by HMRC shows receipts for Inheritance Tax (IHT) has gone up while Stamp Duty receipts have declined. For the period of April 2023 to September 2023, IHT receipts have surged to £3.9 billion, marking a £400 million increase from the same period last year.

This rise can be attributed to the freezing of tax thresholds over the years, dragging more families into the IHT bracket. The requirement to pay IHT within six months after a person’s death poses a challenge, especially when the primary asset, such as a house, needs to be sold to cover the tax liability. Delays in the probate process and the current market conditions mean that individuals might incur interest charges until the property is sold.

Additionally, Stamp Duty receipts for the same period have experienced a significant decline, totalling £7.7 billion, which is £3.0 billion lower than the previous year. This drop is attributed to the slowing housing market which has seen house prices falling. The prevailing cost-of-living crisis and high mortgage rates indicate that there might not be a substantial improvement in the immediate future.

The interplay of frozen tax thresholds, delayed probate processes, and fluctuating housing market conditions underscores the challenges faced by individuals and families dealing with Inheritance Tax which is so often affected by property ownership. These factors create uncertainties, with families struggling to navigate the intricacies of estate management and tax payments amid these challenging times.

An established strategy for individuals concerned about IHT is using AIM listed companies which are eligible for Business Relief to reduce their potential liability. The easiest way to do this is using an AIM specialist firm that specialises in investing in AIM for IHT planning. For more information click here. Existing ISAs can also be transferred; keeping the ISA allowance while taking advantage of the Business Relief to reduce IHT potential liability.

You can find out more about AIM ISAs here: ‘AIM ISA Explained’.

FURTHER INFORMATION
If you or your clients would like to speak to one of our portfolio managers, please contact Business Development Manager, Jonathan Bramall at [email protected] or on 01923 713 894


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HMRC today announced another record Inheritance Tax haul

HMRC today announced Inheritance Tax (IHT) receipts are £300 million higher than the same period a year earlier, totaling £3.2 billion.

With the government freezing IHT thresholds until at least April 2028, this trend looks set to continue.

Commenting on the HMRC figures, Fundamental Asset Management’s Chris Boxall said: “HMRC has once again announced a record increase in Inheritance Tax receipts. With few other solutions available, investing in Business Relief qualifying companies remains popular with advisers and investors to mitigate future Inheritance Tax. If shares in these companies are held for two years, and still held upon death, no Inheritance Tax is paid on the investment.

Many AIM companies meet the Inheritance Tax qualifying criteria and with the AIM market down substantially over the past 2 years and the valuations of many good quality AIM companies looking extremely attractive, it could be great time to invest and save future Inheritance Tax.”

Why does Private Equity love AIM?
The AIM market has had a challenging time over the last 2 years. However, while many investors have been steering clear of AIM, Private Equity has been taking advantage of the growing number of bargains, with yet another offer this week for an AIM company. On Tuesday 3rd October at 3pm, the founders of Fundamental Asset Management will be exploring the topic “What does Private Equity see in AIM?”. Your seat can be reserved by clicking here. This will also allow you to watch the webinar on demand after the event.

The webinar is CPD eligible.

You can find out more about AIM ISAs here: ‘AIM ISA Explained’.

FURTHER INFORMATION
If you or your clients would like to speak to one of our portfolio managers, please contact Business Development Manager, Jonathan Bramall at [email protected] or on 01923 713 894


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The Fundamental Asset Podcast – Episode 4

In this fourth episode of The Fundamental Asset Podcast, Chris Boxall, co-founder of Fundamental Asset Management, covers wider investing concerns around UK PLC. He also considers what could be done to help the UK become more attractive for individual investors and more attractive for companies to list.

Other key topics discussed:

– Are UK shares cheap right now or is the UK one of the worst places to invest?
– What can investors and the UK government do to improve conditions?
– The changing nature of AIM over the last 10 years
– How to become a better analyst
– Solutions to encourage more companies to list.

You can listen to the podcast from the link here (Note: this links you to the Fund Your Retirement site)

Fundamental’s AIM IHT ISA and General portfolio is a discretionary investment management service where clients can obtain 100% mitigation from Inheritance Tax, benefit from the capital growth and income afforded by the AIM market and retain control of their assets.

Fundamental now offers its standard AIM IHT Growth Portfolio, as well as its new AIM IHT Income Portfolio service.

Webinar: What does Private Equity see in AIM?

Join Fundamental Asset Management Co-Founders Chris Boxall & Stephen Drabwell on Tuesday 3rd October at 3pm as they look at “What does Private Equity see in AIM?”. The webinar is CPD eligible.

Your seat can be reserved for “What does Private Equity see in AIM’ by going to the quick registration page here. This will also allow you to watch the webinar on demand after the event.

You can find out more about Fundamental Asset Management’s AIM portfolio service from the link here or by contacting [email protected] or calling 01923 713894