Inheritance tax is on the rise but there is a strong regional bias towards the south of England, government figures show. Data from HM Revenue and Customs (HMRC) shows in 2016-17, 4.6% of UK deaths resulted in an Inheritance Tax (IHT) charge, increasing by 0.4 percentage points since 2015-16. IHT receipts received by HMRC during [...]
Increasing numbers of couples are choosing to live together without getting married. The number of cohabiting couple families continues to grow faster than married couple and lone parent families, with an increase of 25.8% over the decade 2008 to 2018, data from the Office for National Statistics has revealed. This is not a religious sermon [...]
Increasing numbers of people are getting married later in life, often for a second time, but what financial impact could this have on children from an earlier marriage? Data from the Office for National Statistics (ONS) shows the number of brides and grooms aged 65 and over went up by 46% in a decade, from [...]
Taking out a life insurance policy gives you valuable peace of mind: you know you’ve protected your family against financial hardship, should the worst happen. But how can you make sure your policy will pay out quickly, to those who’ll need it most, if you died unexpectedly? The answer might be to write your policy [...]
A will deals with matters in the event of your death, but what if you became unable to handle your affairs while still alive? As you get older, a physical or mental illness could affect your ability to manage personal affairs. If the prospect of this worries you, you should consider setting up a Lasting [...]
In the wake of the 2015 General Election, the Conservative Party confirmed it would deliver on its Manifesto promise that parents could pass their property up to the value of £1m to their children free of Inheritance Tax, thanks to a new ‘family home allowance’. The allowance is called the Resident’s Nil Rate Band (RNRB) [...]
A will deals with matters in the event of your death, but what if you became unable to handle your affairs while still alive? If you’re worried that, as you get older, a physical or mental illness could affect your ability to manage your personal affairs, you should consider setting up a Lasting Power of Attorney (LPA). [...]
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