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Money Talk: Inheritance Tax & property rules help Britons leave funds to their children | Personal Finance | Finance express.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from express.co.uk Daily Mail and Mail on Sunday newspapers.
| UPDATED: 14:18, Wed, Mar 17, 2021 Link copied Make the most of your money by signing up to our newsletter for FREE now SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. The state pension is a payment people claim at an eligible age, and is different to a workplace or private pension. Although the weekly sum is forecast to rise above £200 a week in 2025, Brits are being urged to boost their retirement savings. The new state pension is already set to rise by 2.5 percent from April, meaning it ll rise by £4.40-a-week to £179.60 - a hike of £228.80 over the course of a year. Meanwhile, the old basic state pension will increase by £3.40-a-week to £137.65 - giving pensioners an e ....
STATE PENSION payments are unlikely to be enough to support Britons through retirement, an expert as warned, as individuals have been urged to take matters into their own hands. ....
| UPDATED: 12:36, Thu, Jan 21, 2021 Link copied Make the most of your money by signing up to our newsletter for FREE now SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. Interest rates have undoubtedly been affected by the pandemic, but looking forward to the future, many are hopeful rates will recover. While the lockdown does not fill many with optimism, there are certain ways Britons might be able to make their money grow. Clare Julian, Wealth Planner at JM Finn spoke to Express.co.uk, and offered further insight on the matter. ....
| UPDATED: 15:23, Wed, Jan 20, 2021 Link copied Make the most of your money by signing up to our newsletter for FREE now SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. Inheritance tax is payable on the estate of someone who has passed away, and is set at 40 percent above a particular threshold. Generally, this threshold is set at £325,000, but can vary dependent on a person’s circumstances. For those who are left behind with a tax bill to meet, the burden can often be significant, and many will be looking for ways to reduce, or even eliminate their tax liabilities. ....