Laura Miller

1 week ago | moneyweek.com | Laura Miller

Five years ago, Emily Wright, 25, didn’t think she’d be caught in a fight to save the family business, now at risk of being sold off to pay an estimated £6 million inheritance tax bill she has no other way of paying. With an economics degree from Royal Holloway University she was set for a career in the City, managing other people’s money. But when Covid hit she joined the family firm instead. Now new inheritance tax (IHT) rules mean it’s her own finances she has to worry about.

1 week ago | moneyweek.com | Laura Miller

Three-quarters of over 50s say risk is key when deciding what to do with their pension pot ahead of retirement, according to new research. How do the experts recommend positioning your portfolio in mid-life to manage market ups and downs? Recent volatility driven by the prospect of global trade wars has highlighted how unpredictable financial markets can be when uncertainty abounds.

1 week ago | moneyweek.com | Laura Miller

Pension savers may need to factor the cost of sickness into their retirement plans as the UK’s healthy life expectancy drops, in a sign you could have to give up work much earlier than state pension age. Healthy life expectancy has dropped below 62 years for men and women in England, and to around 60 in Wales. Given the state pension age is currently 66, these figures show how there could be a significant gap where people are too ill to keep working and too young to get a state pension.

1 week ago | moneyweek.com | Laura Miller

Pension savers are being warned they could become targets of a new breed of scammers trying to exploit the upcoming changes to inheritance tax rules around retirement pots. Scammers stole an average of almost £50,000 each from pension savers in 2023, with the latest available Action Fraud figures showing more than £17 million in total was wiped from pension savings. There are fears these numbers could rise as individuals try to avoid an inheritance tax bill on their retirement savings.

1 week ago | msn.com | Laura Miller

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