Did you know that more than 60% of the UK population do not have a will? Some wrongly assume that their estate will automatically go to their loved ones, others think they are too young to make a will. Many more simply do not want to think about their death. But what about those who…
Category: FINANCES
Women Are Losing Out On Pension Money
Divorced women may be losing out on substantial sums of money in retirement without even realising it – due to their husband’s private pension often being left out of the process, according to Age UK. While divorcing couples routinely consider how to divide up the value of any home they own, pension assets are frequently…
Does Spousal Maintenance Affect Universal Credit?
What is Universal Credit? Universal Credit was introduced by the government in 2012 and has already been introduced in many areas. Universal Credit is a new single benefit which will gradually replace most of the means-tested benefits. Universal Credit was introduced in selected Jobcentre Plus areas and even more will be added from May 2015.…
What Is Spousal Maintenance?
Spousal maintenance, as with any financial issue arising from divorce, is complex and the ‘rules’ vary enormously from case to case. What is it? Spousal maintenance is income payable by one spouse or former spouse to the other, in their own right and in addition to any child maintenance. It is often one of the…