Teaching children about money is a vital life skill, yet many parents shy away from these conversations. A recent study revealed that 85% of parents with children aged 10-20 worry about passing on poor financial habits, leading them to avoid financial discussions altogether. Why Do Parents Hesitate? The study highlights several reasons for this reluctance:
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One of the key announcements in the recent Autumn Budget was that starting in April 2027, Inheritance Tax (IHT) will apply to pension assets. This is a significant change that could greatly affect our retirement and estate planning. Let’s explain what this means. What’s changing? Pensions have been a great way to pass on wealth
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On October 30, 2024, Chancellor Rachel Reeves announced the government’s Autumn Budget, which outlines financial plans for the next five years. The government aims to raise over £40 billion through new tax measures to fill a £22 billion gap in public finances. The goal is to restore economic stability and help people keep more money.
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You can find a guide to the Autumn 2024 Budget here, but here is a simple summary of what it could mean for you. The new Labour Chancellor, Rachel Reeves, presented this budget to address the financial gap left behind. She plans to raise taxes in areas that won’t affect everyday income taxes but will
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