Q. We are considering making a substantial ‘gift’ to one of our daughters, she is wanting to purchase a house and like many grandparents and parents we want to assist while we are alive and would like to see her get some pleasure out of the gift. My query is about Inheritance Tax (IHT). I am… Read more »
Q. I have had two investment Individual Savings Accounts (ISAs) for many years. When I was looking at the most recent statements, I noticed that one has “units” and the other has “shares”. What is the difference? A. This is a straightforward question, and the short answer could be that there may be very little practical difference…. Read more »
Q. I am in the process of getting divorced. It looks as though we are going to have to sell our house and divide up the equity. My solicitor says I may get less than half of this, however, because I have a Pension in the Civil Service, but my wife, who has not got any… Read more »
Q. I joined a workplace pension six months ago and now my employer has sent me a letter encouraging me to take advantage of Salary Sacrifice to pay my contributions. It looks like I have to reduce my salary to take advantage of this which makes me think it all looks very suspect. Is this… Read more »
Q. I reach my state pension age in May 2016, which as I understand it, is after the new flat rate of state pension will be introduced. I was therefore expecting a flat rate of pension of something like £150 per week. I have just received a state pension forecast and it is not as… Read more »
