Retirees are more likely to pass on their wealth than spend it

Monday, 11 June 2018 | News

Retirees do not spend their accumulated wealth and will bequeath most of it, according to a new report from the Institute for Fiscal Studies (IFS).

Why a Lasting Power of Attorney is still the answer

Wednesday, 11 April 2018 | Blog | By Amy Lloyd

Denzil Lush, until recently the most senior judge in the UK Court of Protection, stated that despite there being 2.5 million Lasting Power of Attorney (LPA) agreements in place, in England and Wales, he would never sign one...

Get your will written for free in March

Monday, 19 March 2018 | News

Over 55s can have their will written for free during March as part of the ‘Free Wills Month’ campaign.

Avoid inheritance tax by brushing up on Isa rules

Monday, 05 March 2018 | News

Chancellor Phillip Hammond recently described Britain’s inheritance tax system (IHT) as being "particularly complex".

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.

Inheritance tax rules baffle older generations into not sharing their wealth

Tuesday, 20 February 2018 | News

The bewildering nature of inheritance tax (IHT) rules leaves wealthier older generations confused and therefore unwilling to risk sharing their wealth with younger generations.

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.

Lasting power of attorney refund scheme launched: You could be due £108

Thursday, 01 February 2018 | News

Individuals who applied for a lasting power of attorney (LPA) between 1 April 2013 and 31 March 2017 can now claim a partial refund of up to £108 after they were overcharged.

Deal of the week: Get your will written for free this January

Friday, 19 January 2018 | News

Get your will written for free this January thanks to the Macmillan Cancer Support charity.

Digital assets not planned for on death

Wednesday, 17 January 2018 | News

Nearly two thirds (60%) of Brits with important financial information online haven’t told their next of kin about these accounts, according to new research from Lloyds Bank.