Media coverage of mistreatment of care home residents and Care Quality Commission revelations that shortcomings are not a total rarity have made uncomfortable reading. There are, of course, many employed in the sector doing a great job, handling tasks that can be unpleasant and often for modest pay. Care quality is not all about money, but it would be strange if care provision were not subject to one of life’s harsh realities – ‘you get what you pay for’.
A little internet research suggests that death duties first came to the UK in 1796, some years after US founding father Benjamin Franklin first talked about death and taxes being the only two certainties we all face. Those death duties brought an even stronger link between the two dreads in Franklin’s words; and what we now call Inheritance Tax (IHT) still combines a loved-one’s departure with a potentially large tax bill payable from the deceased’s estate before probate can be granted and distributions made to beneficiaries.
They say that RDR is “…establishing a resilient, effective and attractive retail investment market that consumers can have confidence in and trust at a time when they need more help and advice than ever with their retirement and investment planning.” – we discuss in more detail.
When the Greek population went to the polls on 17 June for the second time in two months, the election was widely billed as a referendum upon whether Greece should stay in the eurozone or revert to its traditional currency, the drachma. The result could have been much worse, as it brought the prospect of a new coalition government led by a party in favour of the Greek bailout agreement and accompanying austerity measures, albeit subject to some possible renegotiation of terms.
Although football clubs buy and sell players for profit, generally speaking a company’s employees and directors do not have a financial value attributed to them in the books.
Various issues threaten family budgets. Although the recent national Budget softened the original formula, child benefit will still be reduced or stopped altogether for many middle-income families.
Holistic financial planning looks at the income and capital you have now, and how best to use this to ensure that your lifetime financial objectives become a reality.
When the economy is having a real impact on everyday lives, there is every reason to make sure that personal finances are in the best possible order.