Only 55% of people want to split their estate evenly between their children

Two young children playing with wooden blocks with their mother

When thinking about how parents will split their assets between children, it’s often assumed wealth will be evenly distributed. However, a survey suggests that, for a variety of reasons, a significant proportion of inheritances may not be. According to a report in Money Age, just 55% of UK adults plan to split their wealth equally […]

What kind of lifestyle does a £1 million pension buy?

An older couple laughing as they walk around a town with a map

A million-pound pension can provide you with financial freedom in retirement, but it may not deliver the millionaire lifestyle you think. Having access to a £1 million can conjure images of an extravagant lifestyle, from chartering yachts to hitting designer shops. While having a £1 million pension can mean you can indulge in things you […]

38% of parents have provided financial gifts. Can you afford to do it?

An older man enjoying a coffee with a his daughter

As a parent, you may want to help your children achieve financial security by providing a financial gift. Yet, you may also be worried about the effect it could have on your own lifestyle, as well as the inheritance you leave loved ones. Before gifting significant sums, it’s important to review your overall finances. According […]

5 steps that could provide financial security for your partner if you pass away

A close up of an older couple holding hands in a park

If you’re creating a financial plan as a couple, you should consider the effect one of you passing away could have. If one person’s income or assets are vital for the household’s financial security, it could leave the other in financial difficulty should they pass away. One of the questions couples sometimes ask is: “Will […]

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