Q. I am a pensioner with an annual income of about £13,500. Will I be able to benefit from the new 0% starting rate for tax? A. Yes with any savings income. From 6 April 2015 the 10% rate that currently applies to savings income falling within the starting rate band of £2,880 will be abolished and… Read more »
Q. As I am now in my 80’s and being a widower I am finding my ability to spend money is falling and so my estate is accumulating. As a result for several years now I have been gifting £1,500 each year to my 2 children which I understand I am allowed to do without… Read more »
Q. My mother died several months ago and we are now dealing with her estate. She had a valuable property and consequently inheritance tax is due. The property was her main asset and whilst we are trying to sell it we have not been able to so far and therefore there is little cash to pay… Read more »
Q. I am 62, and looking forward to getting my state pension in September 2017 when I will be 65. I requested a forecast a few years ago which said I would get basic state pension of £107.45 a week plus an additional pension of £39.00 per week, giving a total of £146.45 per week. I… Read more »
Q. I am 59, and I am considering my retirement options. I have built up a personal pension fund of £400,000 and intend to retire from my job this time next year. I hope to carry on working after retirement, and have heard about the new flexible retirement rules which I might be able to… Read more »
