One in 50 expect to receive over £5m, research by Canada Life reveals
Without an inheritance strategy, tax on a £1m estate amounts to £230,000, however only one in 20 know about the residence nil rate band tapering for estates over £2m, according to Canada Life's annual IHT monitor. Of the consumers questioned (aged 45 and over), 24% expect an inheritance of £250,000, while 15% are looking to receive £500,000. The figures reflect rising UK wealth in recent decades, however without financial planning individuals can expect to be hit with 40% IHT for assets above...
More needs to be done within the workplace to tackle wellbeing
Pulse Insurance's Torquil Mclusky discusses the stigma surrounding mental health, embracing mindfulness and how the industry can provide more inclusive access to cover
Above industry average figures for both critical illness and life paid claims
"The tides have changed for protection"