Monthly Archives: September 2014

Changes in Pension death benefits

The announcement from George Osborne which confirms that all Defined Contribution Pension Funds, regardless of whether they are in Drawdown or not, will pay no tax on death if death occurs before age 75. This is a huge reduction from the 55% tax charge that is in place for Drawdown at present. Further to that,… Read more »

Long-term care options

A crisis has developed in the funding of long-term care for the elderly. As the proportion of elderly Britons continues to rise, demand for care is exceeding supply, and payment for long-term care has become an increasingly pressing problem. The government is making changes to the way that long-term care is financed, and expects to… Read more »