No parent will need reminding that children are expensive. Of course, there are the day-to-day running costs of clothes, shoes – not to mention large mobile phone bills – but there are also some potential surprises.
Inheritance tax (IHT) was traditionally regarded as a tax only for the very wealthy. However, with a threshold of £325,000 (£650,000 for married couples and civil partners) that will remain frozen until 2021
Back in 2006, something known as ‘A-Day’ was supposed to be the moment when – ‘once and for all’ – the rules for pension saving were simplified and everyone would be able to work out how to make the most of their retirement arrangements.