Protecting Your Family
Protecting your standard of living means protecting you, the breadwinner. Unless your employer provides generous benefits, this responsibility is yours.
We recommend you make sure all your borrowings are repaid if you fall ill or die. The State won’t do this for you. Check how long your employer will pay you while you’re off ill, too.
The bills don’t stop coming in when your income drops through the floor. State Incapacity Benefit is unlikely to keep you in the manner to which you’ve become accustomed!
House price inflation has created a new problem for many more people - Inheritance Tax.
An estate worth over £300,000, known as the nil rate band, will potentially attract this tax. This nil rate band is due to rise in stages to £325,000 by 2009. If you want to leave your estate to your children and avoid the taxman taking a large slice, independent financial advice is essential.