How to reduce Inheritance Tax: Regular financial support for your children

Posted on 13th November 2023

You can give gifts to family members out of your excess income.

You can make regular payments to your children out of your income which can help reduce Inheritance Tax (IHT).

Dealing with bereavement

Posted on 27th October 2023

When you lose a close friend or family member you must deal with your grief and many practical issues too.

If you’re an executor for your loved one’s estate this is a very challenging time. Although it’s a necessary administrative process it’s sometimes confusing and stressful.

As this couple standing in a graveyard know bereavement is difficult.

Continuing healthcare – things you should know

Posted on 11th October 2023

If, like the sman and his carer, you have continuing healthcare needs you can receive free support from the NHS

If you or your loved ones have complex long-term healthcare needs free NHS care is avaiable.

Understanding government proposals for tax on pensions

Posted on 25th September 2023

There are plans to revise the pension and inheritance tax system. HM Revenue & Customs (HMRC) is also proposing changes to exemptions for people who inherit pensions. You and your benficiaries could lose more funds from your back pocket.

New pension tax and inheritance rules could take more funds from your back pocket

Leaving cryptocurrency to your loved ones

Posted on 11th September 2023

You can leave cryptocurrency like Bitcoin to your loved ones when you die

Cryptocurrency is digital money. It’s protected by technology called blockchain which safely stores information about your transactions.

Many people are interested in cryptocurrency because banks and governments don’t control it.

You can use cryptocurrency to buy some things online but it’s also a new way to invest and save for the future. Some think the value of cryptocurrencies will go up as more people use them.

Why eight out of 10 claims for funded nursing care fail

Posted on 25th August 2023

Many people are paying for their nursing home care from their savings or by selling their home. This is despite provision for the NHS to pay for their care.

If you can’t look after yourself at home any longer, your local authority or the NHS should provide your care. If you don’t need nursing care your local authority will carry out an assessment to decide how much you should contribute. Your care will only be fully funded if your assets fall below £23,250. If you need nursing care, the NHS should pay.

If you're a wheelchair user and need medical care you could qualify for NHS funding

How to keep your cryptocurrency safe

Posted on 11th August 2023

There are almost 9,000 active cryptocurrencies. You’ve probably heard of ones like Bitcoin and Ethereum. They are popular because governments and banks don’t control them.

However, holding and managing cryptocurrency investments isn’t straightforward.

Should I make my Will online?

Posted on 24th July 2023

We’re all learning to use technology in our daily lives, from banking, reading the news or looking for a dinner recipe. Should we make our Wills online too?

Here are some things you should know.

Laptop with government website Wills page

When can a will be contested?

Posted on 10th July 2023

Few people understand how and when a Will can be contested

According to a recent survey many of us, especially in younger age groups, don’t know when a Will can be contested.

Almost nine out of 10 people aged 45 to 59 in the UK have only a basic understanding of contesting a Will.

Just over half know the necessary grounds to contest a Will. Only around a third know the process has a time limit.

Councils can claw back care fees

Posted on 26th June 2023

Did you know that your local council can claw back money it provides for your care fees?

It can do this if it believes you gave away assets to avoid paying the full cost of your care.

If you need residential care your council could claw back the cost - older couple looking out of a windows