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When money in a bank or building society is unclaimed for 15 years, the organisation can transfer the assets to the Dormant Assets Scheme (the Scheme).  This is a government and financial industry initiative that allows unclaimed funds to be used for social and environmental purposes where the owner cannot be contacted.  The Scheme has

New pensions pot consolidator could provide £1,000 pension boost The Department of Work and Pensions has announced that the government intends to reform pensions management, combining small pension pots to help working people. It has been estimated that the move will boost retirement savings for the average worker by around £1,000. The changes are part

The Resolution Foundation, an independent think tank established to improve the standard of living of low-to-middle-income families has called on the government to move to a new structure for charging Inheritance Tax. The organisation suggests lower rates for estates worth up to £1.5 million. We take a look at the current rates of Inheritance Tax

Charitable legacy analyst Smee & Ford has revealed figures from its annual Legacy Trends report showing that more gifts were left to charities in Wills in England and Wales in 2022 than ever before. Out of 231,582 estates that were processed where a Will had been made, 36,992 estates left a gift to charity. Smee

In a recent inheritance claim case, a disabled adult won £195,000 from his late mother’s estate after being left out of her Will. The estate’s executor and beneficiary subsequently lost an appeal, with the appeal court upholding the original decision. Under the Inheritance (Provision for Family and Dependants) Act 1975, certain individuals are entitled to