You may have heard that the rules around inheritance tax (IHT) are changing with regard to family homes. From April a new allowance, the residence nil-rate band (RNRB), permits the further reduction of Inheritance Tax (IHT) on the sale of a family home. Mark O’Neill of Jones Harris Chartered Financial Planners explains the new rules: […]

The typical person entering residential care could face total bills of between £50,000 and £93,000, depending on where they live, according to analysis by Royal London. Variations in house prices around the UK mean this could amount to anything from 18% to 56% of the value of the average house. In the recent Budget, Chancellor […]