A younger generation not so bothered about being married, even with children, are now older; and many second-time-arounders’ past experiences make them avoid knot-tying. This decomplicates some parts of the arrangement but can leave a heck of a mess behind when one dies. Making a will is a good start, as many don’t. But if they’re leaving even half of the house to the other half, this could be liable to IHT, unless they get married as there is none payable between spouses. So while money and tax-efficiency have rarely, since the days of Bridgerton (or Jane Austen if you don’t have Netflix) , been reason enough to get married, they really should be if there’s no reason not to.
“‘Teachers reveal scale of pupils’ hunger as 100,000 frozen out of free school meals”
There’s been much talk of the extra ‘stealth’ tax-take likely to be included in next week’s budget/financial statement/let’s call the whole thing off (kids etc.). The pension lifetime allowance and inheritance tax thresholds will be frozen, so that as inflation inflates the value of estates and pension funds, more tax is payable.
