Are you ready for ‘The Great Wealth Transfer’?

Over the next three decades, the asset-rich ‘Baby Boomer’ generation is expected to pass down a record-breaking amount of wealth to their often debt-saddled and rent-paying Millennial and Generation Z offspring. Money matters are never the easiest topic, but if this intergenerational wealth transfer is to be handled successfully, families need to start discussing it. … Continue reading “Are you ready for ‘The Great Wealth Transfer’?”

Six bad habits to avoid during retirement

Planning for retirement can be complicated, as anyone approaching the end of their working life will tell you. However, navigating the myriad of choices, both financially and socially, doesn’t have to be such an enigma. Here are a few tips to help you avoid common bad habits that retirees often fall into: 1. Spending your … Continue reading “Six bad habits to avoid during retirement”

Life Insurance: Is it time to review your cover?

If you’ve taken out a life insurance policy it’s tempting to cross this important task off your ‘to do’ list, put the paperwork somewhere safe and forget all about it. However, if you don’t review your policy from time to time, you could risk being underinsured, or be missing out on a newer, more cost-effective … Continue reading “Life Insurance: Is it time to review your cover?”

Are you bad with money? One in ten Brits confess they are.

Many of us it seems aren’t great at managing our finances; according to a recent survey1, putting away money for the future never quite makes it to the top of the ‘to-do’ list for one in ten of us. Researchers polled 2,000 UK adults and, despite the age of austerity, found many were “blindly” spending … Continue reading “Are you bad with money? One in ten Brits confess they are.”

Is inheritance tax too complicated?

The chancellor has requested a review of the “particularly complex” UK inheritance tax regime. What is it that makes inheritance tax so complicated? Chancellor Philip Hammond recently wrote to the independent Office of Tax Simplification (OTS) in order to call for a review of inheritance tax to make sure the system is “fit for purpose”. Official figures … Continue reading “Is inheritance tax too complicated?”

Is inheritance tax optional?

The amount of money the government receives through inheritance tax (IHT) is on the rise – despite the introduction of a new allowance in April. Rising property prices mean this tax does not just apply to the richest in society. But how punitive does it have to be? Government figures show that around £2.4bn was … Continue reading “Is inheritance tax optional?”

Protecting your wealth for the next generation

Careful estate planning offers an effective means of reducing your IHT bill. People are living for longer and building up larger nest eggs as they go. What is also clear is that more and more of this wealth is being lost to inheritance tax (IHT). Careful estate planning offers an effective means of reducing your … Continue reading “Protecting your wealth for the next generation”

Leave or Remain? The final salary pension decision

Final salary pensions may be gold-plated, but are you also sitting on a transferrable gold mine? Here we weigh up the pros and cons of transferring to a personal pension, and offers a way to calculate your potential benefits. Gold-plated. Gold standard. Or how about the less glitzy ‘copper-bottomed’ or ‘cast-iron guarantee’? However you look … Continue reading “Leave or Remain? The final salary pension decision”

Insulate your money this winter

Did you know that we lose most of our savings through our heads? That’s right – because we don’t think about how much unnecessary tax we’re paying. Here are some ways to make sure your money is wrapped up tight, to keep out those (over) draughts. If your home loses heat, you lose money. We’ve … Continue reading “Insulate your money this winter”