Number of millionaires dying without a will doubles in two years
Mark Chandler, of financial advice firm Shackleton, said: “Fiscal drag has steadily brought more families into scope, with…
‘Why has the Pension Service reduced my state pension estimate?’
Dear DB, The figures in your correspondence suggest there are two separate questions: how your UK state pension…
Regret taking your pension lump sum? Here’s what to do next
Deciding when to access your pension is one of the biggest financial decisions you’ll make, but not everyone…
Lost job or retiring voluntarily with Rs 1 crore? Here’s how to get maximum long-lasting monthly income from your savings
Many employees in their mid-40s or early 50s whose jobs are being hit by modern technologies such as…
Government bags £336m from failed inheritance tax gifts
Gifts with reservation of benefit are declared by the estate’s executors, whose job it is to tell HMRC…
Why cashing out your pension in full could be a costly mistake
Having done this, ensure that your pension provider has up-to-date tax information before taking larger sums. More importantly,…
Quarter of Gen Z relying on inheritance to fund their retirement
The change, announced at last year’s Budget, is expected to cost the wealthiest half of pensioners £680 on…
The death document that can stop an inheritance row before it starts
What shouldn’t you include? When writing your letter of wishes, it’s essential not to include anything that contradicts…
Scrapping triple lock could save £38bn a year by 2045
Scrapping the state pension triple lock would cut £38bn from Britain’s state pension bill by 2045, a think…
5 reasons strong savings rate matters more than market returns in building a secure and sustainable retirement plan
If you are looking to build a solid retirement corpus, you should pay attention to several key concepts.…
Life after sixty in Bangladesh: How the economy could make the last mile smooth
Rehman Aziz (pseudonym), a retired teacher in his late 60s, lost both his parents. His only child lives…