Income protection and critical illness cover both pay out when illness disrupts your life, but they answer different questions. Income protection replaces part of your monthly earnings for as long as you are unable to work, after a waiting period you choose. Critical...
Critical illness cover pays a single, tax free lump sum if you are diagnosed with one of the specific conditions listed in the policy and you survive a short set period, typically 14 days. It is not the same as life cover, which pays out on death, and it is not the...
If you own shares in a limited company and you die, those shares usually pass to your family under your will or the intestacy rules. That sounds reasonable until you follow it through: your co-shareholders may suddenly be in business with your spouse, who has no...
Salary or dividends? For most limited company directors the answer is both, in a particular order: a modest salary up to a National Insurance threshold, then dividends on top, and often pension contributions before either. What changed on 6 April 2026 is that dividend...
Can setting up a trust to reduce inheritance tax? Sometimes, yes. Placing assets in the right trust can move them outside your estate so they are not taxed at 40% when you die, and it lets you keep some control over how and when your family benefits. But trusts are...
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