Category: Inheritance & Uncategorized & Wills
When a family member dies, you may need to get the legal right to deal with their property, money and possessions â known as their estate. To do this in England and Wales you may be able to apply for a Grant of Representation â known as âprobateâ.
Category: savings & Uncategorized
The new pension rules mean that thereâs much more flexibility and choice over how we take our cash in retirement than ever before. Whether youâre in your early 20s or bidding farewell to your 30s, itâs time to get to grips with pensions so you can take advantage of the new rules. The sooner you start paying into your pension, the more time and opportunity your money will have to grow. And the great news is that with the pension changes, youâre likely to be starting a good savings habit years earlier than previous generations.
Category: retirement & Uncategorized
Recent HSBC research identified four broad actions which may help todayâs retirement savers to create an informal plan and work towards a better financial future for themselves.
Category: General Election & Uncategorized
When the polls opened at 7am on Thursday 7th May, the pundits and the pollsters were as one: the only certainty was a hung parliament. It was the most difficult-to-predict election for generations. The opinion polls had the parties running neck and neck, but the Conservatives led slightly in the predicted number of seats.
Category: inheritance tax & Uncategorized
Inheritance Tax (IHT) applies to (some) wealth that is transferred on, or shortly before, death. The tax is currently charged at 40%, with each individual receiving an allowance of ÂŁ325,000, before the tax is applied. Any unused proportion of this allowance is transferable to a surviving spouse or civil partner, effectively doubling the inheritance tax threshold for many couples. An Institute of Fiscal Studies (IFS) observation published last year considered the case for radical reform of IHT.
Category: property & Uncategorized
Following proposals from both Labour and Conservative parties to deliver housing on UK brownfield land, the Royal Institute of Chartered Surveyors (RICS) has today published research suggesting there is enough brownfield land available in England to build 226,000 houses by 2019. With the UKâs housing shortage a key issue and battleground in the general election, it is no surprise that the parties have prioritised the development on brownfield land in their manifestos.
