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It’s time to think about life insurance

If you have dependents – people who rely on you financially – then you should have life insurance. In fact, if you have dependents and don’t have life insurance, you are exposing them to grave financial risk. And who would want to do that? Life insurance tends not to...

Inheritance Tax

As the old joke goes, the only two certainties in life are death and taxes.  Inheritance tax is the tax taken out of a deceased person’s estate before the remainder is passed on to their heirs.  The way IHT currently works is that transfers between spouses/civil...

Income Drawdown

Income drawdown came about as the result of the “pension freedoms” legislation of April 2015.  Before that date, most of a pension fund had to be used to buy an annuity.  Annuities are basically guaranteed incomes for life.  The annuity system worked well when...

Pensions and Divorce

Dividing property during a divorce can be a complicated process.  The more assets a couple has, the more complicated it can become.  At present, the two highest-value assets the average couple is likely to own are a house and a pension fund, or funds.  Houses can be...