Welcome to the final issue for 2017. Inside this issue, we talk about estate planning, which is an extremely emotional subject as people generally don’t like talking about money or death.
On page 10, we comment on new research that shows some people would like to talk about this subject but haven’t found the right time or just don’t know where to start. This is worrying considering Inheritance Tax receipts are increasing by 22.9% in the first quarter of this tax year, according to data from the Office for National Statistics.
If you’re still working, what kind of life would you like to lead when you’ve said goodbye to the 9-to-5? On page 04, we look at the importance of saving for retirement and how to turbocharge your pension if you want the financial freedom to enjoy your later years. After all, you’ll still want to do all the things you love now – and probably a few others too.
As part of Budget 2017, Chancellor Philip Hammond announced an extra £2 billion of funding for social care and paved the way for major changes to how people pay for it. But people in the UK are still underestimating the cost of elderly care every year, according to new research. Turn to page 06 to read the full article.
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