Almost two thirds of (62%) UK homeowners aged 55 and over would look to price comparison websites (PCWs) to compare different financial products, according to new research from the Equity Release Council (the Council) and
In the tax year 2021 to 2022, 4.39% of UK deaths resulted in an IHT charge, increasing by 0.66 percentage points since the tax year 2020 to 2021, according to annual Inheritance Tax liabilities statistics
Chancellor Rachel Reeves’s recent decision to halt planned changes to England’s care system has been criticised as a “tragedy” by Sir Andrew Dilnot, who authored the original proposals in 2011, as reported by The BBC.
Remember A Charity has partnered with Countdown star, respected lexicographer and etymologist Susie Dent MBE on their mission to change the way people feel about their wills and inspire them to leave the world that
The Legal Services Board (LSB) published its Annual Report and Accounts for the year ended 31 March 2024 (PDF). The report describes the LSB’s work to ensure regulation contributes to reshaping legal services to better
The Office of the Public Guardian (OPG) in England and Wales has reported that the average clearance time for power of attorney (POA) applications is now 76 working days, far exceeding its target of 40
The Equity Release Council’s latest quarterly market report shows that new customer numbers rose by 12% in Q2, compared with Q1, while total lending rose 15% to £578m. A double-digit rise in the number of
HM Revenue and Customs today revealed that Inheritance Tax receipts for April 2024 to June 2024 were £2.1billion, which is £83million higher than the same period last year. That is an annual increase of 4.1%.
Nina Angelova has successfully won a High Court case to amend her late fiancé Peter John Bryant’s will, which had been mistakenly drafted due to a solicitor’s clerical error, as reported by The Law Society
The House of Lords is set to debate changing the law on assisted dying. A private members’ bill proposed by Lord Falconer will be introduced to the House of Lords next Friday and would grant
Recent NHS data reveals a record 487,432 individuals in England received a dementia diagnosis in June, as reported by The Guardian. Despite this milestone, the diagnosis rate remains below pre-pandemic levels, with 65% of those
Baby boomers in their 60s and 70s are being advised to prepare their finances as more Britons face increased inheritance tax (IHT) liabilities. Recent data from HM Revenue and Customs (HMRC) shows that IHT receipts
Following the UK general election, the new Labour government is expected to follow through with the previous administration’s plan to eliminate the resident non-domicile status and the remittance basis, as reported by STEP. The previous
The Isle of Man has progressed towards potentially becoming the first part of the British Isles to legalise assisted dying, following the completion of a key legislative phase, as reported by The Irish News. The
Chancellor Rachel Reeves plans to deliver an emergency assessment of the UK government’s spending inheritance before MPs adjourn for their summer break, aiming to attribute the impending “tough tax and spending decisions” to the previous
A new association has been formed to bring together contentious and non-contentious lawyers specialising in the area of Independent Administration (IA). The National Association of Independent Administrators (NAIA) will provide a community for improving and
Equity release customers will save almost £300 million in borrowing costs over the next 20 years having used the freedom to make voluntary penalty-free loan repayments. New data from the Equity Release Council (the Council)
Exizent has announced the release of Chapter One of the highly anticipated 2024 Bereavement Index report. Earlier this year, Exizent initiated a comprehensive research project, engaging with individuals who have recently experienced bereavement and were
A mother has confessed to administering a fatal dose of morphine to her terminally ill seven-year-old son to alleviate his suffering and “quietly end his life”, as reported by The BBC. Antonya Cooper, from Abingdon,
The Board of the Solicitors Regulation Authority (SRA) has agreed it would regulate Chartered Institute of Legal Executives (CILEX) members, if CILEX decides to redelegate this to the SRA. CILEX approached the SRA about this
