UK wages are rising at their fastest level for nearly a decade and record numbers of people have a job, Office for National Statistics (ONS) figures show.
Inheritance tax receipts are on course to hit another record high in the 2018-19 tax year, but there’s an estimated £600 million gap between tax owed and tax paid.
Although the Ministry of Justice (MOJ) has stated that estates will never pay more than 0.5% of their estate, the new charges will see costs soar for those with larger estates.
Instead of prioritising saving for retirement, many millennials find themselves in the position of juggling between paying off student debt and saving towards a house deposit.
