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AMIFA Blog

21 Sep 2016

Are You Claiming The Marriage Allowance?


HMRC say that up to 4 million people are not claiming the Marriage Allowance which was introduced in the 2015/2016 tax year. It's worth £220 in this tax year 2016/2017 and £212 for last tax year. It can be backdated so if you qualify and claim  that could be an extra £432 in your back pocket - maybe a nice anniversary break somewhere?

If you are married and one of you are not earning enough to use your full tax allowance (£11,000 in this tax year 2016/2017) then any unused allowance up to £1,100 of your allowance can be transferred to your husband, wife or civil partner.

Click this link for further details from HMRC on how to claim.


19 Sep 2016

Funeral costs soar by 10 times the increase in the cost of living in a year – forcing families to cut corners on their loved ones’ send off


SunLife’s annual Cost of Dying research shows that the cost of dying is the fastest rising of any fixed cost in the UK – rising much faster than any cost of living such as rent, food, utilities, insurance or clothing.

The overall cost of dying which includes death-related costs such as probate, headstones and flowers in addition to the basic cost of a funeral - has risen by 8.3% to £8,802.


The funeral - which makes up 44% of the cost of dying - has soared by 5.5% in a single year. The average funeral in the UK now costs £3,897 which is more than double what it was when SunLife first started tracking funeral prices in 2004


This year, more than three in five (62%) put at least some money aside compared to 59% last year and just over half (54%) in 2009.


And while this is definitely encouraging, it still means that 38% are still making no provision to pay for their own funeral. Of those that do make some provision, one in five are not leaving enough to cover the full cost, up from one in six last year.


Shouldn't you make your arrangements now with a pre-paid plan? Click here

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