Transfers of wealth – who gets what

Data from the Office for National Statistics5 show that various patterns are emerging in how wealth is transferred down the generations. Unsurprisingly, gifts and loans are more commonly made to those aged 25–34, with 11% in this age bracket receiving more than £500 during the previous two years, with the average across all age groups being […]

The Individual Savings Account (ISA) was launched on 6th April 1999 and it hasn’t looked back. Today it’s estimated that 42% of adults hold one, which is hardly surprising considering how simple and tax-efficient they are. When the ISA was launched, the annual allowance was £7,000 and it has risen steadily over the years. In […]

75% OF OVER-50s AREN’T SAVING FOR CARE New research3 shows that although 60% of those surveyed feared losing their savings and homes to pay for care fees, less than a quarter of adults aged over 50 are making any provision for later-life care. As people are living longer, it’s estimated that more than 143,000 older […]