60% of us don’t have a Will

Most people know why it’s important to make a will but new research has shown that the majority of Britons don’t have one. Figures released by Standard Life show that a staggering 60% of us don’t have a will in place. Older generations Perhaps unsurprisingly the research showed that older generations had undertaken more estate planning than younger people. However, despite this around 25% of people aged 65 or over still don’t have a will in place. The survey found that the main reason given for not making a will was ‘idleness’. Not making a will has several consequences....

Survey highlights lack of financial planning amongst families

A new survey has found that many parents in the UK have no cover should they die or become ill and have done no tax planning. The ‘Why family matters survey’ from HSBC questioned 1,042 adults in the UK and found significant financial planning gaps: 52% of parents with dependent children have no financial plan in place 48% of parents said they have no life cover 32% of people in their 50’s do not have retirement savings factored into a financial plan 81% of people said they wanted to leave their assets to their children but tax and estate planning remain low priorities A staggering two ...

Will Aid is here again, have you made yours?

Why should you make a will?Research from Unbiased.co.uk has found that a staggering 30 million people in the UK do not have a will. Most of us know we should have a will but not all of us know the consequences of not having a will. Apart from making it easier for our dependents and family when we die a will can also be used to help reduce any Inheritance Tax payable on death. Making a will though really is one of those things most of us ...

Bank Holiday boredom? 5 financial jobs to tackle

The plethora of Bank Holidays coming up over the next few weeks will hopefully give you the chance to a bit of 'R & R'. However, it could also be an excellent time to tackle a few financial jobs that you may have been putting off for a while. We thought we'd help you along with five things you could take a look at over the longe weekends ahead. 1. Review your savings So many people are getting a poor rate of interest on their savings; did you shop about for the best rate a few months or even years ago and then do ...