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Browsing Tag

thisismoney

15 posts
PPersonal finance
The latest official data shows the number of estates liable for death duty – charged at 40 per cent above a nil-rate threshold of £325,000, or £500,000 if you gift your home to children or grandchildren – will double over the next four years
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More and more families are using this trick to slash inheritance tax bills. Experts reveal exactly how it works and whether it’s right for you

  • September 28, 2025
A growing number of families will soon fall victim to inheritance tax (IHT) and are desperately looking for…
PPersonal finance
Black hole: Chancellor Rachel Reeves is widely expected to launch a raid on pension savings in the November budget
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Why you must take your tax-free pension lump sum NOW if you need it, JEFF PRESTRIDGE on what savers rattled by Budget fears can do

  • September 17, 2025
Will she, won’t she cut the amount of tax-free cash that we can take from our pension pots?’…
PPersonal finance
Savings fund: Keep a larger pot on hand if you are planning big-ticket purchases - many people book holidays or spend on cars on home renovations in early retirement
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How much should you keep in emergency savings after retirement?

  • September 2, 2025
Retired people are advised to hold vastly more emergency cash than during their working years. The typical rule…
PPersonal finance
Thousands more families will incur IHT due to frozen thresholds and upcoming changes
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Inheritance tax receipts hit record high as high property prices drag more families into the net

  • August 21, 2025
Inheritance tax receipts are on track to reach £9billion by the end of the tax year, as monthly…
MMarkets
Under pressure: Bank of England governor Andrew Bailey and Chancellor Rachel Reeves
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Traders bet on no more rate cuts this year: Blow for borrowers as inflation hits 18-month high of 3.8%

  • August 21, 2025
By JOHN-PAUL FORD ROJAS, DEPUTY BUSINESS EDITOR Updated: 17:30 EDT, 20 August 2025 Millions of borrowers were dealt…
PPersonal finance
A ¿fixed-term¿ annuity instead of the common ¿lifetime¿ option could boost your retirement income
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The little-known trick to lock in a guaranteed 9% return on your pension savings – here’s what you need to do

  • August 10, 2025
Many over-55s are missing out because they are unaware of a valuable trick that could guarantee income in…
PPersonal finance
Gifting: Families are giving money to their direct family to avoid hefty IHT bills
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One in five over 65s now gifting money to family in response to Chancellor’s inheritance tax raid

  • August 1, 2025
By ANGHARAD CARRICK Updated: 08:08 EDT, 31 July 2025 Older savers are gifting money to their children and…
PPersonal finance
State pension: It's currently worth nearly £12,000 a year if you have paid enough National Insurance, and it starts at age 66
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Millions of workers could lose £18,000 in state pension if they have to wait until 68

  • July 30, 2025
Millions of people in their early 50s could miss out on up to £18,000 if the state pension…
PPersonal finance
One of the main ways to go about reducing a potential IHT bill is to make the most of gifting allowances to lower the value of your estate
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Could I give £250 gifts to 400 people who then pay them to my daughters to beat inheritance tax on £100,000?

  • July 28, 2025
I am one of the people that will be adversely affected by Rachel Reeves’ unwarranted raid on unused…
PPersonal finance
Jack Kim works as a strategy consultant in London and brings home around £6,000 a month after tax but calls himself a 'HENRY' ¿ which stands for 'high earners not rich yet'
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I earn £100,000 a year but don’t feel rich – I’ve downgraded to PureGym and holidays in Europe, ditched M&S groceries and only eat out once a week

  • July 26, 2025
A Gen Z professional who earns £100,000 a year insists that despite having no dependents to care for…
United States
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