Q. I am approaching 65, my wife is 63, and we have a shortfall on the savings plan to repay our mortgage, which stands at £40,000 when it is due in a few months time. The value of our home is £300,000. We could move to a smaller property, but we are very settled in… Read more »

Q. I have an investment bond which has made a profit of £60,000 over the 15 years it has been in force. How will I be taxed on this? A. There is one piece of information missing from your question, which is your income. However, I will try to answer it anyway. An investment bond… Read more »

Q. I am told that the State Pension is changing and that everyone in future will get £155 per week provided they have enough years National Insurance Credits. Does this mean my pension will change? I am 65 and drew my State Pension last year. A. No, if your pension is already in payment it… Read more »

Q. My wife and I are writing our wills, but have read some articles indicating that wills can be challenged in the court, so is there any point? A. Whilst it is true that some wills have been challenged in the courts, this is still quite a rare occurrence, and unless your wishes match exactly… Read more »

Q. I understand this new “Lifetime ISA” will give me tax relief like a pension, but I can withdraw funds early. Does this mean it is better than the pension I am being Auto-enrolled into by my employer? A. In his budget George Osborne unveiled the Lifetime ISA which will be available from April 2017…. Read more »