More and more people are finding themselves in legal disputes with loved ones over inheritances, new figures have revealed. According to the Ministry of Justice, 80 inheritance disputes went in front of judges in 2012. However, this figure had risen to 145 by 2017, and in 2021/22, it stood at 195 – more than double …
We’ve been through a difficult period in the last few years, to say the least. Thanks to factors ranging from the Covid-19 pandemic to Liz Truss’s catastrophic Mini-Budget, along with soaring interest rates and inflation rising to a 40-year high, people in the UK have been put under unprecedented and sustained financial pressure. But interest …
The 2023/24 tax year is coming to an end on April 5th, so you don’t have long left to use your various allowances – in particular your Capital Gains Tax allowance. This is especially important this year as your Capital Gains Tax allowance is being cut from £6,000 to £3,000 from April 6th. So what …
Every year, we spend our hard-earned money on all sorts of essentials and non-essentials, from food and utility bills to holidays and evenings out. So it’s interesting to observe how much people prioritise what might be termed discretionary purchases even when the economy is going through tough times and money is tight. According to data …
What do you do with your monthly earnings when they land? Do you leave all the money sitting in your current account? Or do you invest some elsewhere, so you can make your money work hard for you and maximise your returns? Well, a new survey by the Building Societies Association (BSA) reveals that many …
It goes without saying that the NHS does an amazing job, thanks to its incredibly talented and dedicated professionals. But it’s far from controversial to say that the health service is under massive strain – and has been for some time. In fact, the NHS backlog recently hit a new record high, with the number …
Love it or loathe it, Christmas is fast approaching, and for many of us, it’ll be the most expensive time of the year. From buying gifts for friends and loved ones and entertaining dozens of family members, the festive season can be extremely costly. So how can you make sure your Christmas spending doesn’t tip …
When you sign up for a service or subscription, such as an insurance policy or broadband contract, it’s easy not to give it another thought and just get on with your day-to-day life. But loyalty to a particular company or provider often isn’t rewarded, and blindly sticking with the same deal for years on end …
The Bank of England surprised us this month by holding interest rates at 5.25 per cent, bringing to an end a run of 14 consecutive interest rate hikes. So what does this mean for you and your money? Can we cautiously hope that interest rates have peaked? The Bank of England started hiking rates in …
Inheritance tax has long been a controversial levy and the debate over scrapping it completely has been rumbling on for many years. So we note with interest the swirling rumours that the government is considering cutting inheritance tax and potentially scrapping it completely. According to the Sunday Times, Rishi Sunak wants to phase out the …
