Risk of pensions poverty following divorce likely to increase
Risk of pensions poverty following divorce likely to increase

With the new, simpler ‘no-fault’ divorce law now in effect, experts are warning of an increased risk of financial difficulties in retirement Insurer and pension provider Aviva has carried out research which suggests that as couples take advantage of an easier route to divorce, they may not take the time to properly value pensions and deal fairly with pension sharing.…

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Paying Inheritance Tax
Paying Inheritance Tax

For those dealing with someone’s estate after their death, the Inheritance Tax bill can come as a nasty shock. It needs to be paid before a Grant of Probate or Letters of Administration are applied for, which can sometimes create difficulties. The current Inheritance Tax threshold is £325,000, meaning that where more than this sum is left in an estate,…

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78% of those retiring are failing to seek professional advice
78% of those retiring are failing to seek professional advice

Global investment company abrdn have conducted a survey that found that almost four out of five people taking retirement are not seeking professional advice in respect of their financial plans.  The survey questioned 2,000 retirees in the UK, finding that 78% have not taken any professional advice from finance experts as to how to manage their retirement. Nearly half (48%)…

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