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4 key ways to prevent your grown-up children derailing your retirement savings

4 key ways to prevent your grown-up children derailing your retirement savings

The Bank of Mum and Dad is a well-known concept and we all hate to see our children struggle financially, which is why many parents continue to support their children well into adulthood. Instead of being ‘empty nesters’, many parents discover that their offspring return to the family home straight after university (that is if they ever left in the first place!) due to the problems of getting a foot on the property ladder.

Get your Power of Attorney set up

Get your Power of Attorney set up

You will have seen lots of articles recommending that you plan for death by writing a will, but what happens if you become unable to make decisions for yourself whilst you are alive; either through illness or accident? Who will make decisions on your behalf and how will your finances be run?

The perils of Japanese knotweed

Beware any weeds on your land. If they get out of control and spread onto adjoining land they can still be your problem to solve - as Network Rail found out to their cost in a recent court case.

Don’t forget your digital legacy

When we think about what we leave behind when we die, the majority of us take an approach that gives little regard to the vast amount of digital assets we hold.

What to do when a summer break becomes a summer break up?

What to do when a summer break becomes a summer break up?

When it comes to holidays, most people look to forward to spending time with their loved ones. We all need time to recharge and "get away from it all".
Are you keeping track of your pension pot?

Are you keeping track of your pension pot?

Keeping track of your pension pots can feel like a full-time job at times, particularly as we head towards a world where the average person will have eleven different jobs over the course of their career.
Can we make inheritance tax simpler?

Can we make inheritance tax simpler?

Inheritance tax (IHT) has existed in the UK for over 300 years. In its current form, it was brought in to replace the old Capital Transfer Tax; a measure that was brought in itself as a form of wealth distribution in order to regulate disparity between rich and poor.
Why the experts say people need financial advisers

Why the experts say people need financial advisers

With the array of online tools and self-help resources available, it can be tempting to try and take your finances into your own hands from time to time. For some people, that’s the way to handle it but for the vast majority, getting advice tailored precisely for you from a qualified professional is the best approach.

Lawyers to pursue claim against NHS following Aston Hall Abuse report

Derbyshire Lawyers acting on behalf of former patients of the Aston Hall children’s hospital which is at the centre of an investigation relating to historical abuse by a doctor have said they will be pursuing a claim against the NHS on behalf of those affected.

Online Life = Digital Legacy

Online Life = Digital Legacy

We all increasingly live our lives online whether it be through various social media profiles to paperless billing for your gas and electricity account. When you’re in control, there’s no denying it makes life simple and even if you lose or forget your password, a link will be sent to your email account and within seconds you’re back in control.

New Rules for Commercial Landlords

New Rules for Commercial Landlords

In April 2018 new legislation increasing the minimum energy efficiency standards for commercial property was implemented, making it unlawful to enter a new lease on a commercial property with an Energy Performance Certificate (EPC) rating of ‘F’ or ‘G’, the current lowest grades of EPC.

HMRC data reveals the UK’s real gender pay gap

HMRC data reveals the UK’s real gender pay gap

The figures released by the HMRC about the nation’s income and taxation during 2015/16, revealed some fascinating insights into the UK’s finances. But the figures also shed light on the continuing pay gap experienced between men and women. According to HMRC, 57% of all income tax payers were men in 2015/16, contributing almost three quarters (73%) of the total £178 billion income tax bill. These figures are in line with the 2014/15 statistics, suggesting there was little real shift in the gender pay gap between the two years.

What will leaving the Customs Union mean for my business?

What will leaving the Customs Union mean for my business?

When we leave the European Union we will also leave the EU customs union. The question we all want to know the answer to is ‘what does that mean for me?’

Why it pays to retire early

Why it pays to retire early

Sound financial planning is not only good for your bank account – it could actually improve your life expectancy. If you’re reading this then you probably don’t need to be convinced of the benefits of looking after your money, but here’s another reason to add to the list.

GDPR – TIPS FOR EMPLOYEES

GDPR – TIPS FOR EMPLOYEES

Complying with GDPR is the responsibility of every employee so we’ve written some tips on how you can help your business stay compliant.

Are Pre-Nups Binding?

Are Pre-Nups Binding?

Just how binding are Pre-nuptial Agreements in the British Courts? Well a recent ruling of the High Court on a French ‘pre-nuptial agreement’ pretty much spells it out.

Children caring for parents and the impact on everyone’s wealth

Children caring for parents and the impact on everyone’s wealth

A recent study carried out in the USA found that those caring for elderly parents are likely to experience additional financial difficulties on top of the extra stress such responsibilities can bring. The study found that three out of ten American caregivers had also experienced negative consequences from their employers because of their duty to care for an older relative. Many had also seen their own retirement funds depleted because of the cost of providing care.
Consultation on Domestic Abuse

Consultation on Domestic Abuse

The government has launched a consultation on domestic abuse, seeking new laws and stronger powers to protect and support survivors.

The Gig Economy

What is the “gig economy” and how large is it? The gig economy is defined as “a labour market characterised by the prevalence of short-term contracts or freelance work as opposed to permanent jobs”.
March Market Commentary (archived)

March Market Commentary (archived)

“The first month of 2018 was a good one for the major stock markets which we cover in this Bulletin. We report on 12 markets and 11 of them made gains in January – in some cases, spectacular gains, which many investors would regard as more than adequate for a full year.”

Patients have a right to all relevant information

A woman has won damages in a medical negligence claim on behalf of her son for injuries sustained at his birth. The case centred around a doctor’s duty to take reasonable care to ensure that patients are aware of any material risks involved in any recommended treatment and also of any reasonable alternative or variant treatments.
Making the UK safe online!

Making the UK safe online!

The days of poison pen letters may be in the past but the tendency of some individuals to publish offensive comments about others is “alive and well” and, indeed, has increased significantly; being one of the unintended consequences of the rise of online social media. Unfortunately, however, our laws struggle to keep up with the rate of change.
The Collapse of Carillion – Lessons For Businesses

The Collapse of Carillion – Lessons For Businesses

The collapse of Carillion in January 2018 has already triggered disruption throughout the construction industry. Businesses subcontracted by Carillion will soon feel the effects of the liquidation of the second largest construction company in the UK, with smaller private companies likely to be hit the hardest. The domino effect of the collapse of such a massive company is unfortunately unavoidable at this stage. But what lessons could businesses learn from the fallout of Carillion’s demise?

Help To Buy ISA - How Have They Done?

Help To Buy ISA - How Have They Done?

Recent government statistics have revealed that the Help to Buy ISA scheme is helping first-time buyers to get on the property ladder three years earlier than they otherwise would. The result has been calculated by looking at the average age of first-time buyers both with and without the ISAs. On average, those who use the ISA to buy their first home are three years younger than those who do not, with the median age of those using the Help to Buy ISA being 27.

The General Data Protection Regulations

The General Data Protection Regulations

What do you need to know? The General Data Protection Regulations (‘GDPR’) come in to force on the 25th May 2018 and whilst the Regulations are new, the principles and requirements are not. The GDPR is an overhaul of the Data Protection Act 1998 (‘DPA’), and extends to the processing of personal data of all data subjects in the whole of the EU. Brexit will not prevent businesses from needing to comply with the Regulations. In practice for those businesses that have already been complying fully with the DPA, they should not need to undertake much work to ensure that they are compliant with the GDPR, and will at the very least have the basics in place.