Tax Returns

Timely submission of an accurate tax return is a vital task for many colleagues each year. Whilst some people are comfortable completing their own tax return, others do not want or feel able to do it themselves. This benefit provides an easily accessible solution for those who would prefer to have this done by a tax specialist on their behalf.

This benefit is provided by Financial Planning from abrdn and includes:

• Preparing your tax return and issuing it to you for review and approval
• Reviewing PAYE coding notices issued by HM Revenue & Customs (HMRC)
• Advising of your tax liability for the year and providing payment instructions
• Lodging your tax return with HMRC

Powers of Attorney

A Power of Attorney (POA) is a legal document that allows you to appoint someone you trust to make important decisions on your behalf should you become unable to do so.

If you don’t have a POA and at any stage you become mentally incapable of making your own decisions, an action may have to be raised in court to appoint someone to make decisions for you. This will generally be expensive, can be emotionally difficult for those around you and can take a long time to complete. Having a POA in place can help to avoid this situation. It gives peace of mind to you and your loved ones that your affairs will be looked after and enables someone you trust to quickly and effectively start making decisions for you if you can’t do that for yourself.

abrdn has estate planning specialists who can advise on and draft Powers of Attorney. This benefit provides an easily accessible solution to arrange that documentation for you, your spouse/partner and your parents/parents-in-law.

Wills

Having a Will in place can help you to take control of your legacy and ensure you pass on as much as possible to your loved ones after you are gone. It gives you peace of mind that you are protecting the people you care about and that you have made things as easy as possible for them at an otherwise difficult time.

If you pass away without a Will, the law decides who gets what and how much. It doesn’t matter what your relationship with those people was like when you were alive. Young beneficiaries will also inherit at 18 (or 16 in Scotland) and the state will decide who should look after any school age children who lose both parents. Without a Will, you may also miss opportunities to save inheritance tax, speed up and simplify the estate administration process and minimise disputes.

abrdn has estate planning specialists who can advise on and draft Wills. This benefit provides an easily accessible solution to arrange that documentation for you, your spouse/partner and your parents/parents-in-law.

Please go to My Benefits to select any of these.