Money Box

It's six months until changes bringing unspent pension pots into Inheritance Tax come into force. From 6th April, any money left in pension pots will be added to the rest of the deceased’s estate and be liable for Inheritance Tax. This will be due if the total estate exceeds the threshold where the tax begins, which can be as low as £325,000. At the moment pension funds can b...

Cohabiting couples are the fastest-growing family type in the UK. There are three and a half million couples living together without being married or in a civil partnership.

Sharing a home, and perhaps a family and finances, is a huge commitment, you might assume that years of living like this would give you similar protection to a married couple. But in England and Wal...

Almost half of people in work don't know how much their employer is contributing to their workplace pension. That is one finding from a survey by the consumer group Which? It also found that people looking for a new job are more likely to value things like holiday allowance and flexible working than what the employer paid into their pension.

What can be done to help th...

New research published this week found that free AI chatbots gave inaccurate answers to financial questions more than half of the time. This research was carried out by a company called Saturn AI which works with financial advice firms. It ran a series of financial questions through 18 different AI platforms more than 10 thousand times, checking them against key criteria to d...

There can be a lot of financial pressures when you're first starting out in your career, paying the rent, saving for a home and clearing student debt to name just a few.

So the idea of saving for a retirement that's decades away can seem like a very low priority.

Research fromthe People's Partnership suggests 1 in 8 young adults now say that engaging with their pe...