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…

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…

A 2.6% rise in the single tier state pension was announced in the 2018 Budget. The increase to the single tier state pension, and its predecessor the basic state pension, will apply from next April. Other state pensions, such as the State Earnings Related Pensions Scheme (SERPS), will rise by 2.4%. The higher increases for…

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…