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Browsing Tag

thisismoney

9 posts
PPersonal finance
While older generations do appear to be better at tracking their pensions, almost a third still can¿t say for certain that they know where all of their pots are
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One in five don’t know where all their pensions are: How to track them down

  • August 2, 2025
More than a fifth of people don’t know where their pension pots are held, data shows – meaning…
PPersonal finance
Gifting: Families are giving money to their direct family to avoid hefty IHT bills
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One in five over 65s now gifting money to family in response to Chancellor’s inheritance tax raid

  • July 31, 2025
By ANGHARAD CARRICK Updated: 08:08 EDT, 31 July 2025 Older savers are gifting money to their children and…
PPersonal finance
Headache: Pension savers have to fill in a form for HMRC if they think they are owed a refund
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HMRC hands back £48.7m in overpaid pension tax in just three months

  • July 30, 2025
HM Revenue & Customs is still refunding millions of pounds back to Britons in overpaid pension tax.  It…
PPersonal finance
One of the main ways to go about reducing a potential IHT bill is to make the most of gifting allowances to lower the value of your estate
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Could I give £250 gifts to 400 people who then pay them to my daughters to beat inheritance tax on £100,000?

  • July 28, 2025
I am one of the people that will be adversely affected by Rachel Reeves’ unwarranted raid on unused…
PPersonal finance
Hit hard: Taxpayers paid a record £8.5 billion in inheritance tax in 2024-25 and £1.5 billion in the first two months of this tax year alone
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The innocent inheritance tax blunder that can cost your family dearly

  • July 20, 2025
By HOLLY MEAD Updated: 16:51 EDT, 19 July 2025 Hundreds of bereaved families are being hit with unexpected…
PPersonal finance
Start early: The average person would be 15% better off when they retire if they started saving at 18 instead of 22
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Time is money when it comes to pensions, says L&G boss António Simões

  • July 19, 2025
By ANTÓNIO SIMÕES Updated: 07:21 EDT, 19 July 2025 Albert Einstein may not have said it but, as…
PPersonal finance
Can you give your home away and put it in trust to beat inheritance tax? We explain
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Can I give my adult children my home and put it in trust to avoid a huge inheritance tax bill?

  • July 19, 2025
I’m a single parent and so only benefit from one inheritance tax allowance rather than being able to…
PPersonal finance
Moving abroad: More people are looking at retiring abroad to avoid higher taxes
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Warning over double inheritance tax trap if you move to Spain – experts reveal what you need to know…

  • July 18, 2025
My wife and I are approaching retirement, and we are considering whether we want to stay in the…
PPersonal finance
Pensions: Unspent pots will be brought into inheritance tax net from April 2027
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New idea to tax inherited pensions worth £90k-plus floated – instead of imposing inheritance tax

  • July 18, 2025
The Government is being urged to slap income tax on inherited pensions worth £90,000-plus instead of making them…
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