01462458863 enquiries@handefs.co.uk

Newsletter July 2018

One in three underestimate wait for inheritance

More than a third of people underestimate the time it might take to receive their inheritance, according to research from Co-op Legal Services.

In a survey of 2,000 UK adults, 37% said they expect to wait between four and six months to receive their inheritance following the death of a loved one.

Talk to Herts & Essex Financial Services us about planning your estate -http://www.hertsandessexestateplanning.co.uk

 

Parents lending less to help homebuyers

Parents who contribute financially towards property purchases for their children are lending less, a report from Legal & General shows.

The Bank of Mum and Dad (BoMaD) is set to help fund 316,600 house purchases in 2018 – an increase of around 6% compared to 298,300 in 2017.

Contact us at Herts & Essex Financial Services to discuss your finances.

http://www.handefs.co.uk/our-services/mortgages

 

Tenants face ‘pension mountain’ to maintain living standards

Tenants who are unable to afford to buy their own home will require a pension pot of £445,000 in retirement.

Analysis from Royal London claims those who will still be paying rent to a private landlord when they retire need to save a “pension mountain” to sustain their existing living standards.

We can help plan your retirement.

http://www.handefs.co.uk/our-services/pensions

Lack of financial protection puts households at risk

Many UK households are under-protected in the event of serious illness, Scottish Widows warns.

A survey of 5,022 UK adults found that more than a fifth (21%) of households wouldn’t survive financially if they unexpectedly lost their main income.

Get in touch with Herts & Essex Financial Services for financial advice.

http://www.handefs.co.uk/our-services/life-assurance

Source: PracticeWeb July 2018 

Joan Joe
Herts & Essex Financial Services

Bancroft, Hitchin

Tel: 01462 458863

http://www.handefs.co.uk