Month: November 2018

233 – THE RISKS OF LATE ESTATE PLANNING.

Imagine you are named as the executor and a beneficiary of your wife’s wealthy aunt. You learn that she is suffering from terminal cancer and has ‘a very impaired lifespan’. What do you do? This is what happened in the case of Nader and others v Revenue & Customs. The executor/beneficiary, a Dr Nader, decided…

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232 – LOSING INTEREST IN CASH ISA’s

The popularity of cash ISAs is continuing to wane, according to new statistics from HMRC.With inflation persistently above interest rates, it’s not hard to imagine why. The bank of England recently increased the interest rate to 0.75%, A but inflation was 2.7% B in August 2018. This means, if you are holding cash in an…

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230 – THE BUDGET: AN END TO AUSTERITY?

The 2018 Budget - delivered on a Monday for the first time since 1962 - produced a number of surprises, not least some high-profile ‘giveaways’. Announcements in the Budget included: * A £650 increase in the personal allowance to £12,500 for 2019/20, the level originally pencilled in for 2020/21. * A £3,650 increase in the…

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