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Browsing Tag

thisismoney

34 posts
PPersonal finance
Can I gift an inheritance that I don't need to my children as surplus income?
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I’ve been left £20,000 can I pass it to my kids as ‘surplus income’ free of inheritance tax?

  • February 19, 2026
I have recently received just under £20,000 from my late mother’s will and passed some to my children…
PPersonal finance
The inheritance tax threshold is set to remain frozen until at least April 2028, meaning that an increasing number of families are set to find themselves landed with a tax bill
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HMRC claws back extra £246m in underpaid inheritance tax last year as it ramps up investigations

  • February 8, 2026
Products featured in this article are independently selected by This is Money’s specialist journalists. If you open an…
PPersonal finance
As most people's largest asset, removing the family home from your estate could significantly slash your inheritance tax liability
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Can I gift my daughter my house to beat IHT and live there rent-free after seven years?

  • January 28, 2026
If we gift my house to our daughter and continue to live in it, I understand we would…
PPersonal finance
No change: Rachel Reeves opted to leave the pension tax relief system unchanged in November's Budget
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Pension tax relief is the ‘hidden hero’ putting an extra £32BN a year into savings

  • January 27, 2026
By JANE DENTON, MONEY REPORTER Updated: 03:09 EST, 26 January 2026 Pension tax relief saved Britons an estimated…
PPersonal finance
Savers may need to out aside enough money to fund spending for almost half of their life
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Do YOU have enough money for retirement? Droves of pensioners risk outliving their savings

  • November 6, 2025
Financial advisers are increasingly planning for pensioners to live to 100  By LUCY EVANS, MONEY REPORTER Updated: 02:00…
PPersonal finance
Salary sacrifice: Many employers offer schemes to reduce their own and workers' National Insurance contributions
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How does salary sacrifice work and is this handy pension perk under threat in the Budget?

  • November 4, 2025
Salary sacrifice is a popular way to boost your pension and save on National Insurance. Employers allow staff…
PPersonal finance
Go-to: Nicola, 34, from Brighton, says AI is her first port of call for financial help
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Half of adults say they now use AI to manage their money – but would you trust it?

  • November 3, 2025
More than half of adults, equating to some 28.8million people, have used AI tools to help manage their…
PPersonal finance
You can give away as much wealth in your lifetime as you like without risking a tax bill – so long as you survive for seven years after making the gift
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Debt-ridden councils are demanding you hand them cash gifts you gave to your children – even if it was 20 years ago. Here’s how to avoid this hidden trap and protect your money and family

  • October 27, 2025
Growing numbers of parents and grandparents are handing over cash gifts to help their loved ones while reducing…
PPersonal finance
Pension tax-free cash: Experts advise against putting it in no or low interest accounts
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One in three older people stumped over what to do with 25% tax free pension cash

  • October 23, 2025
One in three over-60s have no idea what to do with their pension tax free cash, new research…
PPersonal finance
Parents are preparing for their adult children to move back to the family home amid expectations of dire financial futures
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One in three parents fear their children will never be able to retire

  • October 22, 2025
By LUCY EVANS, MONEY REPORTER Updated: 19:01 EDT, 21 October 2025 More than one in three parents fear…
PPersonal finance
Steve Webb: Scroll down to find out how to ask him YOUR pension question
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I ‘contracted out’ when Margaret Thatcher was PM – did it benefit my pension? STEVE WEBB replies

  • October 13, 2025
In the 1980s during Margaret Thatcher’s time as Prime Minister, when I was in my 20s, we were…
PPersonal finance
In the crosshairs: So desperate is Rachel Reeves for cash to fund her expansion of the state even as the economy flounders, the reliefs enjoyed by higher earners are now a target
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HUGO DUNCAN: Pension tax raid is an attack on workers

  • October 13, 2025
By HUGO DUNCAN Updated: 03:00 EDT, 13 October 2025 One of the common misconceptions about pension tax is…
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