A brief background to IHT and the available allowances Inheritance tax (IHT) is the tax imposed on the estate of someone who has passed away, which includes assets such as your home and savings. Everyone benefits from a £325k ‘nil-rate band (NRB)’ and an additional ‘residential nil-rate band (RNRB)’ of £175k when a residential property […]
Tag: Savings
How much savings should I have?
At all stages in life, it’s common to wonder, how much savings should I have in the bank? When it comes to building savings, everyone’s circumstances and priorities differ. From preparing for unexpected expenses to setting aside funds for future goals, having a savings plan is essential to achieving financial security and peace of mind. […]
What is a pension?
A pension is essentially a savings plan designed to help you build up funds for your retirement. It’s a tax-efficient way of setting aside money throughout your working life so that, when the time comes, you can rely on those savings to provide an income. How does a pension work? Pensions are long-term savings plans […]
From space to finance
At Rosart, we’re always excited to welcome new perspectives. Recently, Chloe joined us as a Financial Planning Administrator after working for over six years as an Engineer in the space industry. While space exploration and financial planning may seem worlds apart, they share several key principles that can benefit anyone navigating their financial journey. Here, […]
What is the best way to invest your savings?
Have you ever wondered if you should invest your savings or keep them in the bank? When it comes to savings and investments there are a variety of options to choose from and navigating this sea of information can seem daunting. Whether you are aiming to grow your wealth, enjoy a worry-free retirement, or simply […]