01522 789903

£140K is the real Cap on Care Costs

The Institute and Faculty of Actuaries has now produced a report which indicates that as a result of the ‘hidden charges’  for care the Government’s pledge of a £72K cap will cost on average £140K . Their research also found that only one in ten...

Funeral costs 50 to 75 breakthrough

The price of a funeral continues to rise annually well above the cost of inflation. Whilst the average is now around £3284 it is estimated that by the year 2020 it will reach over £5600. A Will usually contains instructions on the wishes of the testator for burial or...

Pensioners beware

Chancellor George Osborne appears to have befriended pensioners in his latest budget by freeing them from having to purchase an annuity with their pension pot. The ability to draw down large lump sums at or after retirement appears to be a welcome move. There could be...

Another unpredictable death

The death of Bob Crowe ,Trades Union Leader, at the age of 52 once again illustrates the unpredictability of death. After seeing reports of him in the national press only a few days earlier enjoying a sunshine holiday in Brazil the last thing one expects to see is...

£72000 = £150786

Calculations by the Labour Party indicate that despite the proposed system of capping care fees for the elderly the figure of £72000 is more likely to finish up at £150786. This is largely because the ‘hotel and accommodation’ costs of residents in care...

Triple Taxation

Tess Daly, the host of ‘Strictly Come Dancing’ has attacked Britain’s disgraceful and insulting inheritance tax laws. In a recent magazine article she states that in effect Inheritance Tax is triple taxation. Tax is paid on earnings, Stamp duty is...