If you were not prepared financially for the first wave then that is understandable and you could be forgiven; but if you are not prepared for a second wave then things could get ugly. It is critical that you begin to prepare.
The British government has announced plans to raise the age at which pension pots can be accessed from 55 to 57.
Inheritance tax (IHT) was introduced by the Finance Act 1986 to replace capital transfer tax and applies for transfers made on or after 18 March 1986.
There is a common misconception that trusts are only used by the wealthy. However, they are accessible to all and can be a useful tool as part of a wider inheritance tax planning strategy. There are various reasons why a trust may be set up; some can be written into your Will and others can be set up independently. Here we explain what trusts are, what they do and the different types of trust available.
Given how important financial skills are in navigating life, it is a surprise that children are not taught about money in school. As a parent, there are a few simple things you can do to help give your children a head start when it comes to approaching finances.
Lenders are introducing new rules that mean first-time home buyers cannot rely on the “Bank of Mum and Dad” stumping up most of the cash for their deposit.
With younger generations set to be hardest hit financially by the crisis, many parents and grandparents are reassessing ways of passing down their wealth sooner rather than later.