Inheritance tax (IHT) in the UK is a levy on the estate of a deceased person, including their property, money, and possessions. While the standard rate is 40% on estates above the tax-free threshold, various exemptions and reliefs create significant … Read More
Author Archives: Janet Gogo
How to Eat an Elephant in Your Finances
Summary: Break Down Large Financial Goals – Tackle overwhelming financial objectives by dividing them into smaller, manageable tasks, such as setting daily or weekly targets for savings or debt repayment. Utilise Effective Financial Tools – Employ budgeting apps, automate savings, … Read More
What is the Best Personal Finance Manager?
Managing personal finances can often feel overwhelming, but with the right tools, it becomes significantly easier. In this article, we will explore the best personal finance managers, providing you with the knowledge to make an informed choice. Whether you’re looking … Read More
Do Beneficiaries Pay Inheritance Tax?
Inheritance tax often comes with a lot of confusion and misconceptions. For many, the prospect of dealing with inheritance tax is challenging, especially during the already stressful time of managing the affairs of a deceased loved one. This blog post … Read More
The Financial Roles in Families: Planners, Non-Planners, and Children
Summary: Identify Key Financial Roles – Families typically comprise Planners (organised, future-focused individuals), Non-Planners (spontaneous, present-focused individuals), and Children (observers and learners). Understand Associated Challenges – Planners may experience stress and difficulty delegating financial tasks; Non-Planners might face financial instability due to … Read More
What is the Best App to Keep Track of Spending in the UK?
Summary: Leading Spending Tracker Apps – Apps like Know Your Dosh, Emma, and Snoop are recognised for their ability to monitor expenses, categorise spending, and provide insights into financial habits. Key Features – These applications offer functionalities such as real-time … Read More
How to Overcome Emotional Barriers in Financial Conversations
Summary: Recognise Emotional Obstacles – Understand that feelings like fear of judgment, shame, past financial experiences, and power dynamics can hinder open financial discussions within families. Foster a Safe Communication Environment – Choose appropriate times and neutral settings for financial … Read More
The Ultimate Guide to Mastering Tough Family Financial Conversations
Image Source: freepik.com As your family’s breadwinner and financial steward, you take immense pride in your meticulous approach to money management. Your dedication to safeguarding your loved ones’ financial security is commendable, but have you considered the importance of open … Read More
What is the UK Equivalent of Mint? [Updated for 2025]
Summary: Know Your Dosh as a Leading Equivalent – Following Mint’s shutdown in 2024, Know Your Dosh emerges as a top UK equivalent, offering comprehensive financial management tools, including expense tracking and secure storage for vital financial information like mortgages, … Read More
What Happens If You Die Without an Estate Plan in the UK?
If you’re a diligent financial planner, you’ve likely spent countless hours meticulously managing your family’s finances and safeguarding their future. However, have you considered what would happen to your hard-earned assets and loved ones if you were to pass away … Read More