Most people know that Inheritance Tax (IHT) payable on death at a rate of 40% on assets in excess of the £325,000 per person Nil Rate Band (NRB). Nowhere near as many realise that unmarried couples cannot inherit their partners estate above this figure tax-free, no matter how long they have been living together. This…
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Pension scams are on the rise, with at least £2,241,774 reportedly lost to pension scammers in the 5 months between January and May 2021, the problem is getting bigger. Scammers try to persuade you to transfer your pension savings, or to release funds from it, by making attractive-sounding false promises that whilst sounding appealing have…
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It has been calculated that couples will need to find an extra £2,200 a year to maintain their standard of living post-pandemic, according to the pension’s industry research. The estimates show that a basic standard of living for a couple now costs £16,700 per annum, a moderate lifestyle requires £33,600 per annum, and a comfortable…
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Leaving money to a charity of your choice within your Will is a great way to ensure a positive legacy for the future. It makes the money you worked so hard for during your lifetime continue to do good when you are no longer here. Additionally, if you give at least 10% of your…
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