Marriage comes with its own pros and cons in different circumstances. However, when it comes to inheritance tax, being spouses makes you entitled to certain benefits. If you’re married or are in a civil partnership, you’ll find that there are some tax advantages you should be aware of. For example, there are some significant benefits […]
Inheritance tax is something that everyone should consider when estate planning for after their death. Although not every beneficiary of a will has to pay an IHT bill because the inheritance tax (IHT) threshold is set at £325,000, you may find that the value of your estate is over this amount. This means that your […]
Many people dream of being able to retire at 55. With the state pension age rising to 68, it isn’t too surprising that so many of us want to retire early and enjoy the retirement lifestyle of our dreams. The good news is that there is no longer any set year that retirement must happen. […]
Today, many people reach the default retirement age and decide that they aren’t ready to quit work altogether. Although they may retire and access their pension scheme, they may want to carry on “keeping their hand in” and doing a part-time job to keep themselves busy and bring in a little extra income on top […]
What Qualifies For Ill Health Retirement? Early retirement is a goal for many people, but it can be essential rather than just desirable if you need to leave work due to ill health. Retiring early often raises concerns about long term income sources, especially as the State Pension cannot be claimed until normal pension age. […]
Retirement is a time when you go through a lot of changes. You aren’t working anymore, so you have more time on your hands for a start. Also, unfortunately, your health may start to decline. As you get older, you may be considering the various things you need to plan for, such as taking out […]