Archive for June 2017
British families pay a record £5 billion inheritance tax
Families in the UK have paid more than £5 billion inheritance tax in a single year for the first time ever. The record figure reflects the increasing value of estates, largely fueled by rising house prices. HMRC says that £5.1 billion was collected through inheritance tax receipts in the 12 months to May. That was…
Read MoreFamily can’t make a claim on their stepmother’s estate
A family have been told they cannot make a claim on their stepmother’s estate following the death of her husband. The case involved a couple who died within a few months of each other. The wife had an estate worth more than £26m, while the husband’s estate was valued at £320,000. Both partners had children…
Read MoreHelp to Buy schemes used by over a million home buyers
Nearly 260,000 people have bought their home using Help to buy schemes and more than 870,000 have opened a Help to Buy ISA. The latest figures issued by the government show that: over 259,000 completions have taken place using one or more of the Help to Buy schemes, most of these are first-time buyers more…
Read MoreHow LPAs can help protect your future from dementia
The recent Dementia Awareness Week, organised by the Alzheimer’s Society, put the spotlight on the challenges we face as we live longer lives and encounter the illnesses associated with old age. A study published by the journal, BMC Medicine, showed that the number of people who die from dementia is set to almost quadruple in…
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