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I sadly lost my husband suddenly from a heart attack six years ago. When he passed away, I was not aware that I was entitled to a one-off lump sum and further regular payments. Last year I also unfortunately lost my brother, whose widow was contacted automatically by the Department for Work and Pensions after … Read more
Help! My dad is leaving his house to me, but can I split it with my sister? They recently reconciled and she hasn’t seen the will By This Is Money Reporter Published: 07:42 GMT, 29 August 2019 | Updated: 07:42 GMT, 29 August 2019 In my dad’s will, the house is left to me and … Read more
Soaring numbers of parents and grandparents are raiding the equity in their homes to help younger relatives get on the property ladder. Estate agents and mortgage brokers have told Money Mail they are hearing from more and more buyers who are able to put down a deposit on their first home only because an older … Read more
Older people wishing to retire abroad are more resolute about their plans now than after the Brexit referendum, new research on attitudes of would-be expats reveals. Nearly half said Brexit was making them reconsider spending their old age abroad when polled two weeks ago. That is compared to three quarters who were having having second thoughts … Read more
Two in three workers aged 45-plus are unprepared for retirement and a third don’t know how much they have saved up so far, new research reveals. Nearly half are also unaware how much state pension they have built up, though this guaranteed weekly income from the Government will be a mainstay of many people’s retirement … Read more
What’s on your retirement wish list? Find out the best British cities for pubs, parks, bowls, golf, churches… and affordable homes Plymouth came top for its affordable homes, and plentiful parks and churches Derby was cheapest in the top five for homes suitable for downsizing retirees Dudley was notable for its high number of pubs … Read more
Pension savers are being overtaxed at record levels when they dip into their retirement pots. More than 200,000 over-55s have clawed back nearly £500 million since pension freedoms were introduced in 2015. But the taxman is pocketing on average £2,355 too much when retirees make their first withdrawal. This is because HM Revenue & Customs … Read more
Thousands of dementia patients may needlessly be selling their homes after being wrongly denied NHS funding, legal experts claim. Solicitors who specialise in fighting for funding say not enough people know that the NHS will pay their care fees if they have severe medical needs. And of those who apply for NHS continuing healthcare (CHC) … Read more
Low-cost online and DIY wills could see your final wishes disregarded and your estate eaten up by costly legal bills. A Money Mail investigation has found a string of potential pitfalls with popular DIY will packs and online services on sale for as little as £6.99. In the worst cases, your will could be declared … Read more
The confusing array of inheritance tax rules on giveaways to loved ones should be swept away and replaced with a single ‘personal gift allowance’, say Government officials. The ‘seven-year’ rule for large gifts, which means that if you survive the money gradually becomes free of inheritance tax, should be axed in favour of a set … Read more