With the rising costs of living affecting every aspect of almost everyone’s finances, there’s no time like the present to start considering your retirement plans. Unfortunately, the Government has significantly increased the state pension age over a number of years. The state pension age is currently 66 years old for both men and women, but[…]
How to pass on wealth to the next generation There are many ways to reduce or eliminate the inheritance tax payable on your estate without using trusts. But for some, especially if you are very wealthy, they may not be enough. For others, the control that trusts give over who benefits from your wealth, and[…]
How it affects high net-worth individuals The tapered annual pension allowance for high net-worth individuals was in the headlines again recently. Concerns were raised that its impact on doctors within the NHS pension scheme is prompting high-earning NHS staff to leave their posts or reduce their hours. In December 2018, it was reported that the[…]
How to plan and make a legally valid will Most people don’t like to think about their own mortality, but planning for the future is important to ensure your property, money and possessions are distributed the way you intend. Writing a legally valid will is an essential part of this, and can provide peace of[…]
An overview of things to consider when planning how to pass on your wealth What you are going to leave behind you at the end of your life is something that everyone needs to think about seriously at some point. Whether you want to guarantee that your extensive collection of Star Wars figurines get the[…]