Planning

‘The tragedy of old age is not that one is old, but that one is young’

With the UK’s population ageing, more people will be living with long-term care needs. Oscar Wilde once said: ‘the tragedy of old age is not that one is old, but that one is young.’ but the good news of rising life expectancy also brings with it the challenge of how we fund our future care costs. The question is: who is responsible for looking after us if we need care in old age?

New regulations coming into force from 6 April 2017

As the tax year end approaches, people will be rushing to ensure they maximise their annual allowances and have their finances in good shape. This deadline applies equally to foreign expats (often referred to as ‘non-UK domiciles’) living in the uk as it does to those who were born in the UK. In fact, this year, foreign expats may have even more considerations due to new regulations coming into force from 6 April 2017.

Planning financially for long-term sickness.

How would you pay the bills if you were sick or accidentally injured and couldn’t work? According to research by UNUM and Personnel Today, just 12% of employers support their staff for more than a year if they’re off sick from work.

Given the low level of state benefits available, everyone of working age should consider Income Protection (IP). But when Which asked the public, just 9% said they have some form of IP, compared with 41% who have life insurance and 16% who have private medical insurance (PMI).

When you hear the term ‘estate planning’ it automatically conjures images of the huge country estates of the very wealthy. But this portrayal can be very misleading – especially when it comes to estate planning in the financial sense of the term. Why? Because estate planning should be the concern of each and every one of us, not just the rich and famous who own large multi-million pound ‘estates’.