The Wealth
webpage provides you with links to websites that provide information about
looking after your money, growing it through investments and providing you with
access to the means to identify and claim money to which you are entitled.
Below is a selection of topics we hope you will find useful. If you have any
others that
you would like to recommend then please let us know by writing to
webmaster@xhfrs.org.uk and we'll see if we can get them included.
Forgotten money in lost accounts? - Find it now and claim it back
This FREE service is brought to you by the British Bankers' Association
(BBA), the Building Societies Association (BSA) and National Savings and
Investments (NS&I). This very secure website brings together the three tracing
schemes of BBA, BSA and NS&I into a single website. This means that anyone with
a lost account with a bank, a building society, NS&I – or all three – can
initiate a search simply by visiting this website and completing only one
application form.
Source: Moneysavingexpert.com......................read
more
Lose control of your mind, lose control of your money - UK government
instigates new measures
A secret court is seizing the assets of
thousands of elderly and mentally impaired people and turning control of their
lives over to the State - against the wishes of their relatives. The draconian
measures are being imposed by the little-known Court of Protection, set up two
years ago to act in the interests of people suffering from Alzheimer's or other
mental incapacity. The court hears about 23,000 cases a year - always in private
- involving people deemed unable to take their own decisions. Using far-reaching
powers, the court has so far taken control of more than £3.2billion of
assets.......
Source: Mail on Sunday...................................read more
Why do I need to Make a will?
By making a will you can decide what
happens to your property and possessions after your death. Although you do not
have to make one by law, it is the best way to make sure your estate is passed
on to family and friends exactly as you wish. If you die without a will, your
assets may be distributed according to the law rather than your wishes.
Source: www.direct.gov.uk
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more
Who's got the best savings account for me to invest in?
With interests rates favouring the borrower rather than
the saver, who's paying the best interests rates on their regular savings and
ISA accounts? Martin Lewis, who regularly advises on money matters on
national radio, offer impartial advise on the best deals around.
Source: www.moneysavingexpert.com ...................read
more
When is Inheritance Tax due?
Inheritance Tax is usually paid on an estate when somebody
dies. It's also sometimes payable on trusts or gifts made during someone’s
lifetime. Most estates don’t have to pay Inheritance Tax because they are valued
at less than the threshold (£312,000 in 2008-09).
Source: www.hmrc.gov.uk
...................................read
more
What tax efficient savings and investments are there
available?
If you save or invest money, you'll
generally have to pay tax on the interest or income you get, but there are some
savings and investments that give you a tax-free return. If you're on a low
income, you might not have to pay tax at all.
Source: www.direct.gov.uk
................................read
more
What additional benefits and tax allowances to I get in
retirement?
When you retire, your income usually
reduces. To help you manage, you may be able to get certain benefits on top of
any State Pension you're entitled to. Some of these benefits are age-related,
others depend on your income. Tax allowances are also more generous from age 65
if your income is below a certain level. This link provides a
comprehensive set of information on the benefits and allowances you are entitled
to.
Source: www.direct.gov.uk
.................................read
more
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