Articles by Lisa Vaughan

Do I have to leave half my annuity to my ex-wife?

Wednesday, 12 December 2018 | Question and Answer

It is impossible to comment on your particular annuity as I do not know anything about the original pension arrangement or why you were given only one annuity option.

How can I avoid spending Mum’s cash on tax or care?

Wednesday, 28 November 2018 | Question and Answer

If your mother died after changing an account into joint names, the balance of this account would pass to you as the surviving account holder.

Can I transfer some of my estate to my wife to reduce the inheritance tax our children will pay?

Tuesday, 18 September 2018 | Question and Answer

A certain amount of your estate can be passed on inheritance tax-free; this allowance is called the ‘nil-rate band’ and is currently £325,000.

Can my Sipp be passed to my beneficiaries free of inheritance tax?

Tuesday, 28 August 2018 | Question and Answer

The actual treatment of an inherited pension pot depends on whether you die before reaching age 75 or not.

If I take Cash Isa income to supplement my company pension, will I pay tax on it?

Tuesday, 30 April 2019 | Question and Answer

You’ll be pleased to know that Isas allow you to withdraw your savings without paying any income or capital gains tax.

What tax will apply on the gains from my mortgage endowment plan?

Friday, 11 May 2018 | Question and Answer

It is easy to be confused about the taxation of gains on life insurance policies, as the rules are complex and vary from one type of policy to another.

I'm retired. If I earn over £1,000 in interest, will I have to pay income tax?

Tuesday, 08 May 2018 | Question and Answer

Back in April 2016, the Personal Savings Allowance was introduced, which allows savers to earn tax-free interest each year on their savings.

Will I need to pay inheritance tax on money my friend left me?

Monday, 26 February 2018 | Question and Answer

Everyone has a tax- free inheritance tax (IHT) allowance. This is the amount that they can pass on without tax being due. Also known as the nil-rate band, it is currently £325,000.

Can I pass on my Cash Isas to my nieces as I have no children?

Friday, 09 February 2018 | Question and Answer

New rules came into effect from April 2015, allowing a surviving spouse/ civil partner to inherit Isa savings and their tax-friendly status.

Ask the Experts: How can I get a state pension if I've never paid towards it?

Friday, 12 January 2018 | Question and Answer

Men born after 5 April 1951 and women born after 5 April 1953 are automatically eligible for the new state pension if they have accrued at least 10 ‘qualifying years’ of national insurance contributions (NICs).