Rachel Reeves Proposes New Cash Withdrawal Rules and Replaces Lifetime ISA with First Time Buyer ISA Thursday, June 25, 2026 lifetimeisa firsttimebuyer homeownership treasury rachelreeves withdrawalpenalty housingmarket financialplanning isareform savings Rachel Reeves has announced plans to scrap the Lifetime ISA (LISA) due to widespread dissatisfaction over hefty withdrawal penalties that have burdened savers with charges exceeding £10,000. The Treasury is set to replace the … Read More
HMRC Confirms Tax Rule Change Impacting 10,500 More Households Saturday, June 20, 2026 hmrc inheritancetax taxchange pensions estates taxliability financialplanning hmrcupdates taxthresholds wealthmanagement HM Revenue & Customs (HMRC) has confirmed a significant shift in inheritance tax (IHT) rules, set to affect an additional 10,500 estates starting from April 2027. This change comes as part of the government’s efforts to … Read More
DWP Announces £728 Annual Increase for Deferred State Pension Payments Monday, June 1, 2026 statepension dwp pensiondeferral retirement pensionincrease martinlewis financialplanning ukpensions taximplications longevity The Department for Work and Pensions (DWP) has confirmed a significant increase in state pension payments for retirees who choose to defer claiming their new State Pension. If you reach State Pension age after 5 April 2016 … Read More
UK Households Urged to Secure £92 Lasting Power of Attorney ‘More Important Than a Will’ Monday, May 25, 2026 lpa will powerofattorney legaladvice financialplanning mentalcapacity ukhouseholds estateplanning courtofprotection healthcaredecisions A Lasting Power of Attorney (LPA) is equally essential as a will, yet it remains drastically underutilized among UK households, financial advisers have warned. The absence of an LPA can lead to severe consequences, especially … Read More
DWP Begins Rolling Out State Pension Age Increase to First Affected Group Wednesday, May 6, 2026 dwp pension retirement statepension pensionage uk pensionreform financialplanning retirementsaving welfare The Department for Work and Pensions (DWP) has started implementing its planned increase in the state pension age, with the first group of retirees now facing a delayed payout. Beginning this month, individuals born between … Read More
State Pensioners Born Before 1960 Accelerate Withdrawals Ahead of 2027 Inheritance Tax Changes Thursday, April 23, 2026 pensions statepension inheritancetax withdrawals retirement financialplanning wealthmanagement tax marketvolatility risk State pensioners born before 1960 are increasingly withdrawing funds from their private pensions in anticipation of significant inheritance tax (IHT) changes coming into effect in April 2027. This rush is driven by new … Read More