“‘Financial planning for polyamorous relationships is not any different'”

Apr 23, 2024 | Financial Services

An independent (financial adviser’s) view

Well, here’s a thing, a thing that I have to say I didn’t realise was a thing. A polyamorous relationship is, apparently, a threesome or moresome knowingly together in one household in one form or another. Yes, families have become more complicated in these still-progressive times, and many have more than one family and/or sets of children and relationships to take into account. They’re the ones we encourage to get wills and work out who should get what; and you’d be surprised how many haven’t done so. What should we do however as advisers, if and when we meet those ‘embracing ethical non-monogamy rather than infidelity’. Try not to look surprised and make it up as you go along, is the likely answer. Jokes and alternative answers on the proverbial, please.

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“Reeves backs down on plans to cut ISA limit”

“Reeves backs down on plans to cut ISA limit”

So it looks as though Cash ISAs are safe for the moment (FTM – is that a thing?) Rachel has apparently ‘bowed to pressure’ from the banks and building societies and decided not to reduce the allowance to £4,000 for cash and to keep the £20,000 parity with Stocks and Shares ISAs. Bowed also to common sense, I’d say.

“Two thirds of adults are worried about care costs in later life”

“Two thirds of adults are worried about care costs in later life”

A dichotomy/dilemma here. Two thirds of adults are probably right to be worried about the cost of care, which is huge and getting more so. Many of those currently worrying will have had first-hand experience with their own parents, which will have focused their minds on their own possible future.

“Why most won’t need to worry about IHT on pensions”

“Why most won’t need to worry about IHT on pensions”

Many a government has made the point that only a minority will be affected by this or that tax change or tinker. It is, however, both perception and aspiration which are important, and they are what makes IHT the ‘most hated’ of all taxes – along with all the others, of course.