Untying the knot

Divorcees twice as likely to have no savings

During a divorce, sorting out the finances is the most daunting part of a separation and divorce for most couples. Financial disputes can be a major stumbling block in the divorce process and could take longer than the divorce itself. Continue reading

Road to Brexit

Biggest investment planning challenge over the coming years for all investors

Brexit has created an air of uncertainty, and no one really knows what’s coming next or what it could all mean in the long term. On 29 March, Prime Minister Theresa May triggered Article 50 of the Lisbon Treaty in a letter to EU Council President Donald Tusk, starting two years of divorce proceedings. Continue reading

Trusts

An important part of your estate preservation process

If you want to mitigate the effects of Inheritance Tax (IHT) on your estate, trusts can be an important part of the process. When you put cash, property or investments in a trust, provided certain conditions are satisfied, you don’t own it any more. This means it might not count towards your IHT bill when you die. Continue reading

It’s good to give

Inheritance Tax exemptions

Making a gift to your family and friends while you’re alive can be a very effective way to reduce the value of your estate for Inheritance Tax (IHT) purposes and benefit your loved ones immediately. Continue reading

Foreign expats living in the UK

New regulations coming into force from 6 April 2017

As the tax year end approaches, people will be rushing to ensure they maximise their annual allowances and have their finances in good shape. This deadline applies equally to foreign expats (often referred to as ‘non-UK domiciles’) living in the UK as it does to those who were born in the UK. In fact, this year, foreign expats may have even more considerations due to new regulations coming into force from 6 April 2017. Continue reading

Savings bug short-lived

Slipping back into old habits after a salary increase

Workers have the best intentions to make the most of their saving potential when their salary increases, but they only consider doing this for up to a month before slipping back into old habits according to research from YouGov. Continue reading