Your Finances: A Practical Guide to Tax, Investments, IFAs and Wills (Express Newspapers Non Retirement Guides)

Annotation Money is the main concern for most people approaching or already experiencing retirement, as their income is likely to have to last for a long time and keep up with inflation. Some people have a good pension as well as assets and investments, others don't have enough resources to fund the lifestyle they had hoped for. Whatever your circumstances, Your Money: A Practical Guide to Tax, Investments, IFAs and Wills reminds you of the basics, drawing your attention to some of the provisions that could have a bearing on your immediate or long term plans. It covers everything from income tax and personal allowances to property investments, equities and IFAs. It also contains vital information on making wills in order to ensure that your wishes are known and properly executed. By taking you through the financial maze step by step, and spelling out the facts in clear, accessible language, this essential guide will help you to make your money work for you Introduction......Page 8 Table of contents......Page 6 Copyright......Page 5 1 Tax......Page 10 Income tax......Page 11 Tax allowances......Page 13 Tax relief......Page 17 Pension Credit......Page 21 Tax-free income......Page 22 Other tax-free money......Page 24 Income tax on other investments......Page 25 Mistakes by HM Revenue & Customs (HMRC)......Page 28 Tax rebates......Page 30 Capital gains tax (CGT)......Page 31 Inheritance tax......Page 36 Independent taxation......Page 39 Self-assessment......Page 40 Retiring abroad......Page 43 2 Investments......Page 50 Sources of investable funds......Page 51 General investment strategy......Page 52 Annuities......Page 53 National Savings andInvestments (NS&I)......Page 54 Variable-interest accounts......Page 57 Fixed-interest securities......Page 64 Equities......Page 67 Individual Savings Account (ISA)......Page 73 Child Trust Funds......Page 74 Life assurance policies......Page 75 Bonds......Page 81 Investor protection......Page 85 3 Independent financial advisers: IFAs......Page 90 Accountants......Page 91 Banks......Page 92 Independent financial advisers (IFAs)......Page 95 Insurance brokers......Page 97 Other pension advisers......Page 98 Solicitors......Page 100 Stockbrokers......Page 103 4 Wills......Page 108 Laws of intestacy......Page 109 Making a will......Page 110 Other points......Page 113 VAT......Page 116 Personal tax......Page 117 Summary......Page 118 Your Money is essential reading for pre- and post-retirees wanting to learn about income tax, allowances, tax relief and credits, tax-free income and rebates, capital gains, inheritance tax and value added tax, investable funds, property, equities, bonds and wills