1 / 5

Police Mutual Financial Wellness

Police Mutual Financial Wellness. Saving and Investment. Pensions. Where are you now?. Managing your Debt. Borrowing. Protecting what matters. Click on a subject to continue. Making a Will. Spouse gets first £250k & life interest in half of remainder Children get the rest at 18.

lynn
Download Presentation

Police Mutual Financial Wellness

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Police Mutual Financial Wellness Saving and Investment Pensions Where are you now? Managing your Debt Borrowing Protecting what matters Click on a subject to continue

  2. Making a Will

  3. Spouse gets first £250k & life interest in half of remainder Children get the rest at 18 Spouse gets first £450k & half of balance Remainder shared between siblings (*or issue) Spouse gets first £450k & half of balance Remainder shared between parents Are you married or a registered civil partner? Has your spouse survived you by 28 days? Estate worth more than £250k? Treated as having no legal spouse Surviving children? (*or issue) Surviving siblings? (*or issue) Everything to spouse Everything to spouse Surviving parents? Summary of Intestacy rules *‘Issue’ means children (including illegitimate and adopted children but not step-children), grandchildren and great grandchildren etc. Issue will benefit only if their parent has pre-deceased you.

  4. Shared equally between them (*or issue) Shared equally between them (*or issue) Shared equally between them Are you married or a registered civil partner? Have any of your children (*or issue) survived you? Estate shared equally between children (*or issue) Has any parent survived you? Surviving siblings? (*or issue) Surviving grandparents? Surviving aunts or uncles? (*or issue) Everything goes to crown Shared equally between parents Summary of Intestacy rules *‘Issue’ means children (including illegitimate and adopted children but not step-children), grandchildren and great grandchildren etc. Issue will benefit only if their parent has pre-deceased you.

  5. www.pmas.co.uk www.lawsociety.org.uk www.rsadvice.co.uk www.hmrc.gov.uk Further information

More Related