When nearing retirement we face the challenge of ensuring our funds will last. Increasing numbers of UK homeowners have been looking for alternative methods to increase their income in retirement and are turning to their property to supplement their pensions.
How much you will need for retirement depends on you. But if you’re wondering how much to save in your pension, or whether you can afford the kind of retirement you’d like, you can calculate what roughly you’ll need to save today for a comfortable retirement tomorrow.
Life insurance can provide a cash lump sum to support your dependants when you die. How much this will be, who it will go to and how long the term of the policy is will depend on your individual circumstances.
Critical illness policies are designed to pay a lump sum on diagnosis of specified critical illness during the policy term. But do you know what your policy covers?
Trusts are commonly used for estate planning, minimising tax payments. Find out more about what they are, how they work and why they’re a helpful tool in an adviser’s toolbox.
Estate planning sets out how your assets will be distributed, who they will go to, and when. Without making an estate plan or a Will, the Intestacy rules will be used to decide what happens to your assets.
The executors of your Will need to pay any IHT before your assets can pass to your beneficiaries – which may prevent them from inheriting. Find out more about how you can legally mitigate your IHT liabilities.
Confused by IHT rules? You’re not alone. Less than half who make gifts understand IHT rules, according to the HMRC. So, what are the rules and why affect will they have on your estate planning?
78% of adults would ‘rather be safe than sorry’ when it comes to their finances. Yet 65% have no life insurance or protection cover. So what’s causing this gap?
A first-hand account from Jasmit Bahia, about how recent changes have affected his BTL portfolio.