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BUDGET 2024 The Changes To Inheritance tax

The budget 2024, our new Government has decided in it's first budget to raise further income for the Treasury by increasing Inheritance Tax. Whilst the rates have not increased the existing allowances (ie nil rate bands), have been extended for a further fixed period...

A Right of Residence

A Right of Residence is something you can include in your Will If you own a house and want to make sure that someone can continue living there after your death one of your options is to create a Right of Residence for them. This will make sure that the person keeps...

It pays to be civil

Mixed sex couples can enter a Civil Partnership and enjoy most of the Tax benefits of being married. This is a legal relationship which provides some real financial benefit to those who wish to live together without getting married. The set up costs are nominal...

Numbers double

Over the next 20 years the number of elderly people who will be forced to pay their own care bills will double.  So predicts a report recently produced for the Local Government Association, the umberella body for Local Authorities. It forecasts an 84% rise on current...

More Women in Care

A new study from Queen's University Belfast indicates that Women are 40% more likely to go into Care Homes than Men. The researchers followed over 20,000 couples over the age of 65 for six years in order to produce these findings. It also indicated that people were...

14% Increase in Care Home Fees

Research carried out by Age UK has found that average care home fees have rocketed over the past year by a staggering 14%! Prices appear to be highest in London where annual averages for care homes is £35300 and for nursing homes £45100. Throughout the UK the average...

The Best Move

After a year long campaign by a carer of a disabled son Ministers and MP's are calling for banks to improve services offered to carers and those operating bank accounts on behalf of elderly or disabled relatives. According to an article in the Mail on Sunday there are...

30 million adults at risk

Research by 'unbiased.co.uk ',a company that helps consumers find professional help,shows that nearly 30 million Britons are at risk of losing control of their assets on death by not making a Will.  By dying intestate complete control over the ultimate distribution of...

Home equals Pension/Care Home equals no Pension

Investment firm LV reveals in a report today that around 2 million people over the age of 50 say they will rely on their property, not a pension, to provide for their retirement. With poor returns on pension savings the LV study found that nearly a third of the over...

Fairer Care Funding

The Dilnot Commission Report was finally published on Monday 4 July 2011 . It contained recommendations to Government on possible ways of limiting the potential financial exposure of elderly people requiring care, as well as increasing the 'means test' threshold. It...

Govenment Review divides Coalition

According to a report in the Observer newspaper members of the Coalition Government are already divided over proposals included in a review to be published within days on the subject of old age care. Apparently the recommendations in the government-commissioned review...