Inheritance tax (IHT) will need to be paid by your family on anything of yours that is of value after you die. Inheritance Tax is a tax on the estate of someone who has died, on any assets [...]
UK inflation rates are at a 40-year high, currently sitting at 10.1%. The consequences of this can be seen in our everyday spending, but it also can affect our longer-term borrowing as well. To try and compensate for [...]
On Friday, Chancellor Kwasi Kwarteng announced his mini-budget. The budget mainly focused on tax cuts and roll backs, but it also hailed significant changes to stamp duty. Here’s a short round up of the announcements: [...]
There is nothing like a global pandemic or a hike in the cost of living to make us take stock of the things that are important to us and, for many of us, the most important thing in [...]
Putting life on hold Rising living costs and its affect on life choices and milestones Welcome to the September/October 2022 edition of Smart Money. In this edition, we will be focusing on saving and investing in the current [...]
The Bank of England (BoE) has voted to increase the base rate by 50 basis points, the highest increase in 27 years. It now means the base rate stands at 1.75%. The decision comes amid a backdrop of [...]
Children will soon be back at school for a new academic year. For those parents who have opted for private education, they have only seen their fees rise significantly in the last few years. According to figures released [...]
It’s only a couple of weeks until the start of a new university year. For those students who have recently received their results and are planning their first term, congratulations! University is a time to enjoy your new [...]
Congratulations! The time and effort you have put into building your career with your employer has paid off and you have received a promotion and a pay rise. But what should you do now? Perhaps book a holiday [...]
Whether your portfolio is already managed by a professional, or you are seeking advice for the first time, finding a new wealth manager can be a challenge. You are unlikely to have the time and energy to do [...]
The mortgage affordability test has been scrapped by the Bank of England (BoE), making it easier for some potential borrowers to access a mortgage. The test was used by lenders to calculate if potential borrowers could afford a [...]
Discussing family finances is often seen as a taboo subject. But such discussions are important to have in order to sort out any financial issues, to outline personal wishes and to effectively plan for estate management if a [...]
