By Samantha Clarke, Chartered Paraplanner with Anstee & Co. Inheritance Tax (IHT) is paid on the value of the assets that a person leaves behind when they die. It can also apply to some gifts that are made before someone dies. If you are married or have a civil partner, you can leave the entire [...]
You must check and manage your credit score regularly. Why you might ask? Well, it can affect your ability to borrow money or access financial products such as mortgages, loans and credit cards. So, what is a credit score? It is financial information held about you on a credit report, also known as your credit [...]
As in previous years, the team have forgone the office "Secret Santa". The money spent on what is often an unwanted but sometimes funny gift has been donated to "Teamwork Trust" based in Northamptonshire. Paraplanner Raj Chettra and Financial Planner, Rachel Efetha visited the Kettering Centre to make the presentation. Teamwork had requested that we [...]
If you are in your fifties or early sixties now is a good time to start thinking about what your retirement income might look like. With our busy lives, it is always easy to put these reviews off as you may feel that retirement is still a long way off and there is little you [...]
We have seen many exciting advances in medical science over recent years to improve life expectancy. It is now estimated that over two-thirds of the United Kingdom population, are now aged over fifty. That’s over 21 million people. Also, for the first time in history, two-thirds of this number are now aged over sixty. That’s [...]
We often find that initially, executors feel confident in administering a will themselves. Below, are some of the key duties that you, as the executor, need to undertake, if you do decide that doing it yourself is for you. Your role as an executor of the will. Register the death. First of all, register the [...]
A recent survey undertaken by Saga Home Insurance into retirement planning found that many United Kingdom residents, who had recently retired, were planning major home improvements. It’s only natural that you would want to make home improvements now that you will be spending more time in your home during your retirement. How long are you planning [...]
Exceptionally high levels of stamp duty are reported to be discouraging house sales and in particular discouraging older people from downsizing. Stamp duty on the sale of a £2 million home will amount to £153,750 and on a £600,000 home to £20,000. The government is also benefitting from increased receipts from inheritance tax (IHT) which [...]
Moving into retirement can be one of the most exciting times of your life. It can also be daunting if you do not plan wisely. We can help you with retirement advice. Here are a few tips to help you plan to make the most of your retirement. State pension. How much will you receive [...]
Young people trying to get on the property ladder are relying more and more on the ‘bank of mum and dad’ to help with their mortgage deposit. We are told that one in three first-time buyers expects to ask their family to help with the purchase of their first property. Some parents are in the fortunate position [...]
