Q. I retired before the new flexibilities came out in April this year. I have a pension annuity and have heard that I might be able to sell it, is that correct? A. It has been widely publicised that this may be an option from as early as April 2016. This was obviously announced under the last… Read more »
Q. My two children are aged 14 and 10. The younger child received a child trust fund but the older one missed out. We like to treat them equally so invested in a Junior ISA for the elder child a few years ago. I understand that Child Trust Funds have now been stopped, so what… Read more »
Q. My husband and I are getting divorced. I will be reliant on the maintenance he is due to pay me on behalf of our two children, who are 5 and 7, until they are grown up. I feel vulnerable if anything happens to him during this time. A. Most solicitors advocate a clean break financial settlement… Read more »
Q. My father took out an equity release scheme on his home about 3 years ago. He has three children, myself and my two brothers. All three brothers were consulted at the time by the financial adviser who set this scheme up. It now appears that my younger brother, unbeknown to my elder brother and myself,… Read more »
Q. I am considering giving a grandfather clock to my son. I inherited it from my father in 1985, when the probate value was £1000, but it has recently been valued at £20,000. What are the tax implications? As I am a widow, my only son will receive the rest of my estate in my will,… Read more »
