It’s not difficult to see why Briton’s find buying a property abroad so attractive. High house prices, a temperamental climate and long working hours in the UK can make buying a property abroad seem like a highly desirable option.
Taking out health insurance is a big financial commitment. However, private healthcare is an attractive option to some because it allows you increased choice, private hospitals, reduced waiting times and more personalised care compared to free NHS treatment.
Since increased pensions freedoms were established in April 2015, the Financial Conduct Authority (FCA) says that £3 billion worth of annuities have been rejected by over 55s.
HMRC might have been incorrectly applying their own employment legislation. A HMRC contractor has successfully claimed for £4,200 of unpaid holiday pay after being forced to work through an employment agency rather than as a direct HMRC agency employee.
The financial crash after the Lehman Brothers collapse saw the biggest global monetary crisis since the end of WW2. It led to a lost economic decade for many – average incomes in the UK still languish far behind their 2008 peak.
According to recent figures, 75% of British businesses feel weighed down by the burden of tax administration and compliance. It is believed that this has increased considerably in recent years, with some people describing the tax system as positively Byzantine.
In normal years, the Autumn Budget (formerly the Autumn Statement) is announced in November. However, with less than 6 months left on the countdown to Brexit, this year is far from a normal year.
If you’re under 60, funding your future care might not be top of your agenda. Garden improvements, good restaurants and holidays probably rank slightly higher, as well as saving for your pension if you’ve not yet retired.
On 16 August, Aretha Franklin passed away, aged 76, in hospice care after battling pancreatic cancer. She didn’t leave a will. This leaves her four sons and other family members to work out her total assets and divide them amongst themselves.
Pensions freedoms introduced three years ago give people greater flexibility with how they take the benefits from their personal pension. Defined Benefit (DB) schemes, commonly known as Final Salary pension, do not provide the same level of flexibility.