Finance

Inheritance tax warning: Wills shouldn’t be ‘overloaded’ – what should you leave out? Recent research from the Openwork Partnership found children and grandchildren are set to inherit nearly £300billion over the coming years. Fortunately, ZEDRA, the international provider of Global Expansion, Active Wealth and Fund solutions, detailed there is evidence that younger generations are taking their estate planning very seriously, ...

Pound crisis: Traders fear sterling chaos if Sturgeon’s push for independence succeeds Strategists were speaking after a new poll suggested the SNP was on course to win an 11-seat majority on May 6, a result which would strengthen First Minister Mrs Sturgeon’s case for a second independence referendum. Stephen Gallo, European head of currency strategy BMO Capital Markets, suggested shockwaves ...

Free bus pass: When you are set to get free travel amid state pension age changes Free bus pass entitlements are highly valued by many older people as a good way to cut costs in retirement. It will often be the case older Britons need to get out and about, whether going to the shops or attending doctor’s appointments. But ...

Nationwide customers could secure 2% interest savings account – check eligibility now Nationwide is a familiar name on Britain’s high streets, and the provider has said it is the most popular building society across the globe. However, with interest rates at a shocking low recently, it is no surprise many have felt less compelled to save. In March 2020, the ...

2021/22 tax year: All the changes you need to know & how to prepare – from IHT to pensions Savers will be able to plan out their financial commitments for the months ahead as the new tax year begins and various rules are reset. While families may be broadly aware of what this means for their money, some experts have ...

Tax relief: Couples may be able to save hundreds in tax – can you claim back £1,218? “Your partner’s tax bill will be reduced depending on the Personal Allowance rate for the years you’re backdating,” GOV.UK explains. It’s a matter which Kay Ingram, Director of Public Policy at LEBC Group, recently discussed. Speaking to Express.co.uk, she said: “From April 6, ...

Martin Lewis shares three key things school leavers must know about student loans Yet for most, even though it’s called student loans, thinking of it as a debt is a nonsense, unrepresentative concept. In fact, once at uni, many realise, the real problem is the ‘loan’ isn’t big enough. The amount you borrow is mostly irrelevant – it works more ...

HMRC update: Britons urged to check tax codes – the new 1257L code explained Why should a tax code be checked? Each tax year, Britons are encouraged to check their tax code is correct as sometimes mistakes can be made. This can happen, for instance, if a person leaves their job, or if their income changes. If a tax code ...

IR35: Rishi Sunak urged to amend ‘flawed’ off-payroll rules to ensure self-employed rights IR35 changes kicked in this month, following a year of delays due to the impact of COVID-19. The legislation, formally known as off-payroll working rules, is used by HMRC to evaluate whether a contractor is genuine, or simply being used as a “disguised employee” for the purposes ...

Coventry Building Society offering ‘competitive’ 1.5% interest rate – are you eligible? Interest rates have been drastically affected by the Bank of England’s decision to lower its base rate over a year ago. As such, it has been a challenging time for Britons who are hoping to grow their money. There are, however, still some options which present themselves to ...