Savings Archives - Page 2 of 2

Emergency Fund

by admin | Mar 29, 2022 | Education, Investments, Savings

An emergency fund is very important as it is a pot of money to fall back on should you either find that your income reduces, such as losing your job, or if you have to pay for something unexpected, such as having to replace your boiler. A good rule of thumb for the...

What is Inheritance Tax?

by admin | Mar 4, 2022 | Education, Inheritance Tax, Investments, Protection, Retirement, Savings

Inheritance Tax is a tax on the estate (the property, money and possessions) of someone who’s died. How much is Inheritance Tax? There is normally no tax to be paid if: $ The value of your estate is below the Nil-Rate Band of £325,000, or $ You leave everything above...

What is Business Property Relief?

by admin | Mar 4, 2022 | Education, Inheritance Tax, Investments, Savings

Business Property Relief was introduced by the government in 1976. Back then, its main aim was to ensure that after the death of the owner, a family business could survive, without having to be sold or broken up to pay an inheritance tax liability. Since then,...