Why inheritance is a family affair

Article Abstract:

It can be very beneficial for families to put aside any differences they may have and to work together to assist elderly relatives with financial planning. Elderly people tend to not be fully aware of their worth, and it is vital to accurately identify surplus assets. When considering properties an elderly person may wish to purchase, it is important to take into account possible future needs, such as wheelchair access. However, elderly people should ensure that they are not pressurized by friends or relatives into a decision with which they are not happy.

Aged, Elderly

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A lesson to learn about the pension

Article Abstract:

Self-employed people have a number of key areas of financial planning to consider. These include mortgage payments, private medical insurance, meeting tax liabilities and saving for retirement. It may be worth switching to a cheaper mortgage, even when taking arrangement fees into account. Permanent health insurance may prove too expensive, and critical illness insurance can be considered as an alternative. Pension contributions should be as high as is permitted under the individual scheme.

Self-employed persons, Self employed persons

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