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Over 50s MoneySaving
Archives for May 2010
Discussion List
Confusion with Tax codes
My mother (77) is in receipt of the State pension. My father died in Feb and she is now paid a portion of his work pension from the Teacher's Pensions. These are her only 2 sources of income. Teacher's Pension originally put her on tax code 647L, but has recently changed it to K52. Neither of us can understand the official…
Advice
Hi, I dont know if anyone can help or give me some advice. My Great Grandma is 102 and at the moment is living in her own home but has local council carers coming in 3 times a day. Unfortunatly I have seen a decline in her health and i have estimated her living in her own house for a maximum of 7 months, before she has to…
Dad moved into sheltered accomodation, should he sell his house?
I wonder if anyone can advise my family on what might be best for Dad (aged 82) who has moved into sheltered accommodation 6 months ago? He seems to have settled ok and is quite happy to sell his house and wants the proceeds to be divided amongst sons and daughters. Apparently if he has savings any benefits that he…
Probate query re tax office
Hello - my first post on this forum and I've no idea where to post it, apologies if its in the wrong section. I am in the process of being granted probate for my late father. He was over pension age but was working (cash in hand). On his death, I have discovered that he hasn't claimed any pension, which I'm looking into,…
Inheritance tax forms time and cost saver
My Mum dies recently leaving an estate over the IHT limit, but there will be no IHT to pay because she's entitled to a transferred allowance from her husband who predeceased her. Nevertheless we have to fill in the full IHT form, which runs to over 100 pages. And it contains several schedules, each of which needs the same…
eact difference between conveyance solicitor and joint executor solicitor please?
were getting advice regards a deed of variation. can someone tell me the difference beween these terms? as it seems depending on what type of executor you are means you have less legal powers? thank you in advance
Probate help
Could someone help with some probate questions please? My father passed away last week & my brother & I are named executors. The copy of the will that my mum has states that the estate is to be transferred to her. We have been told that DIY probate is pretty straight forward, so this is why I'm here :) My dad had a pension…
Future inheritance
Hi everyone I would be grateful if someone here could offer an opinion on a situation I'm having just now. I'm self-employed in a job I love. My partner has a health condition and can't work. With me bringing in the only income, things are tight and will be for the foreseeable future although my job is well paid and if I…
URGENT inheritance,money owed and deed of variation HELP
Hi can someone help. a relative died recently and left the sale of the house to be divided between three sisters. one sister owes another (who happens to be the executer of the will) practically all of her share (from lending over the years) , due to personal problems which i shall not get into here. she has agreed to give…
Yet more stealth Tax
Yet another stealth tax, if you’re in receipt of the Married Couples Allowance. After querying a reduced tax coding notice with HMRC, I received the following reply. Quote. “Your tax code has been reduced this year as the 10% lower rate band has been abolished last year; because of this a restriction has been included in…
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