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Browsing Tag

thisismoney

10 posts
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…
PPersonal finance
Feeling the sting: More families are being handed IHT bills and the figure is only set to rise
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Nearly 1 in 10 inheritance tax-paying families handed a half a MILLION pound bill

  • July 22, 2025
Since 2022, there has been a 29% increase £in 500,000-plus IHT bills By ANGHARAD CARRICK Updated: 02:00 EDT,…
PPersonal finance
Hit hard: Taxpayers paid a record £8.5 billion in inheritance tax in 2024-25 and £1.5 billion in the first two months of this tax year alone
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The innocent inheritance tax blunder that can cost your family dearly

  • July 20, 2025
By HOLLY MEAD Updated: 16:51 EDT, 19 July 2025 Hundreds of bereaved families are being hit with unexpected…
PPersonal finance
Moving abroad: More people are looking at retiring abroad to avoid higher taxes
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Warning over double inheritance tax trap if you move to Spain – experts reveal what you need to know…

  • July 18, 2025
My wife and I are approaching retirement, and we are considering whether we want to stay in the…
PPersonal finance
How to help your grandchild buy their first home without landing them with a huge tax bill - these are the little-known inheritance tax pitfalls you must avoid
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How to help your grandchild buy their first home without landing them with a huge tax bill – these are the little-known inheritance tax pitfalls you must avoid

  • July 13, 2025
Forget the bank of mum and dad – it’s now grandparents who are dipping into their savings to…
MMental health
If, growing up, your father worked and your mother earned less or focused on caregiving, it may feel unsettling for those roles to be reversed, writes Vicky Reynal
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My wife’s new higher salary has made me depressed and less confident. What can I do? VICKY REYNAL answers

  • June 24, 2025
Dear Vicky, Is my wife’s higher salary the reason for my depression? I am 46 and have been…
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