When you think about your lifestyle goals and financial planning, how far ahead do you look? It wasn’t so long ago that planning to reach 80 meant you could be sure of financial security throughout your life. But now, it’s becoming increasingly common to celebrate your 100th birthday, bringing new challenges to planning. Just a century ago, 1% of babies born …
If you are planning on passing wealth on to children or grandchildren you might be asking yourself how can I pay less inheritance tax? A bit of careful planning could mean more ends up in the hands of your loved ones.
Are you well prepared for death?
It sounds like an alarming question. Death is still a taboo topic for many people in the UK; it’s not especially comfortable to discuss our mortality, even with our family or closest friends.
But because death is an inevitable part of life, and one which has financial consequences, it is essential to discuss. Preparing for death should be one part of the agenda you cover with your financial planner.
The House of Lords has published a report aimed at tackling inter-generational unfairness, and the growing gap in wealth between younger and older people in the UK.
Our adviser Jon Doyle unpacks it for you here.
In our experience, clients typically take one of two views when it comes to inheritance tax.
A question that often comes up when it comes to inheritance tax planning is how to transfer any unused nil rate band. It has been possible to transfer the unused percentage of the nil rate band from a deceased spouse or civil partner to the surviving spouse or civil partner since 9th October 2007. Whilst the transferable nil rate band …
Making a will is a really important building block in terms of financial planning. At the very least it helps to ensure that you control what happens in the event of your death actually does happen