Building your savings for later life care. Paying for long-term care is not cheap, and the burden first falls on private individuals.
Ros Altman – the former pension’s minister – described the nation as “sleepwalking into a social care crisis”, and already the costs borne privately are staggering.
For wealthy parents and grandparents who want to financially assist younger generations, building a nest egg on their behalf can go a long way.
In the last few years we’ve seen a huge amount of political upheaval, along with several high-profile business failures and accompanying job losses.
Being your own boss continues to appeal, with 3.5 million sole trader businesses registered in the UK at the start of 2019.
If you’re passing on your money, property or investments – to a relative, a friend or an organisation – you want to ensure it goes to the right person or cause and is used as you wish.