70% of people in the UK don’t have life insurance. That means that when you die there won’t be any payout to help your family cover Inheritance Tax, funeral fees or any other costs. As well as the emotional turmoil of grief and loss, there are practical matters you may not have ever considered. And …
The average age for claiming on critical illness cover is between 49 – 54 The most claimed for illnesses are: … And that’s not taking into consideration the two-year backlog in the NHS for appointments. The odds of you or a family member facing a life-threatening condition are pretty high, but only 7% of the …
Have you been putting off the life insurance question because you’ve got plenty of time to sort that out later? Well, here’s the thing: none of us actually know when we’re going to die. If you’re married, if you have kids, what would happen to them once you’re gone? Only 30% of people in the …
How do you feel about the thought of your family struggling with not only the emotional turmoil to death but the financial burden of the property portfolio you’ve left behind? Currently, around 1 in every 25 estates pay Inheritance Tax, but that’s not all your family will have to worry about. Could they pass the …
What do investigations entail and what are the common errors you should avoid? As landlords, we hear a lot about tax, because, frankly, it’s a large and unavoidable elephant in the rental room. However, what’s rarely mentioned is what happens when it all goes wrong – which sadly, it does occasionally! Whether a blip in …
When you do your taxes, have you ever thought about what might happen if HMRC looked into your latest tax return? It’s not easy to find anyone who relishes doing their accounts. It’s hardly a pastime that many of us look forward to sitting down and cracking on with. But, unfortunately completing HMRC’s requirements is …
Inheritance tax is a pretty miserable topic when you think about it. Tax, and death, all rolled into one However, it is a topic that is worth understanding, because without a clear plan in place for what will happen to your portfolio when you depart, not only could you leave your loved ones with a …
Should landlords be utilising limited companies? Landlording is a funny old business. You may start out as an accidental landlord or go into it with a deliberate plan to become a property mogul. But however you plan to make your millions, one thing is for sure, structuring your business right is as important as the …
The Spring 2023 Budget: What’s in it for landlords? The Budget got everyone talking, with the Chancellor Jeremy Hunt delivering his red-box briefing to a packed house. But did any of it have any sway on life for landlords? If you are a landlord with a young child, there was probably plenty in it to …
It’s not great news for landlords or anyone else hoping for a tax cut anytime soon. Chancellor of the Exchequer, Jeremy Hunt, or the guy who does money stuff for the country as you may know him, recently delivered a speech regarding the economy’s future. Unfortunately, it’s not the news that landlords would have hoped …
