The recent changes to State Pensions will affect us all, and none more so than those reaching state pension age before 6th April 2016 – you have key decisions to make and limited options from 5th October 2015.
Individual Protection Insurance will cover you if you are unable to work and with deferred periods ranging from 1 week to 1 year, having this valuable benefit, preferably index linked is an essential underpin for every working person.
A major tax which can be avoided in most cases through preparation, is constantly overlooked. By establishing Trusts and making suitable gifts the IHT of 40% above the individual nil rate band can be avoided.
If you have money you need advice. If this is inside a tax wrapper (ISA, Pension, Bond, VCT or EIS) or outside (direct shareholding, unit trust, cash, premium bond) you need to look at the risk you are taking and ensure that this meets your …