Under current UK law, life insurance payouts are not automatically exempt from Inheritance Tax. Whether they are taxed depends entirely on how the policyholder and beneficiaries are arranged. The key factor is whether the payout forms part of the deceased’s estate.

UK Rich List sees biggest drop in 37 years! 10% of Britons save no money! New 10-year permanent residency policy may affect current visas!

Did you know that although singles might save on Valentine’s Day gifts, they end up spending at least a few thousand pounds more than couples every year on their daily living expenses. And that’s far more than the cost of any Valentine’s gift!