Clare Moffat: Six issues to consider when a client is a cohabitee

Financial planning implications

clock • 5 min read

While the question of legally formalising their relationship will be personal to any client, giving cohabitees all the facts in relation to what they are or are not entitled to is important, writes Clare Moffat

Theresa May announced at the Conservative party conference that legislation would be amended to allow mixed sex couples to have a civil partnership in England and Wales. This comes after the Supreme Court unanimously ruled that only allowing same-sex civil partnerships was incompatible with the European Convention of Human Rights. The Scottish government is currently consulting on this issue but a similar decision could be made. These events can have a significant effect on your clients' financial planning. It is fair to say that some people do not like the idea of marriage. The coupl...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Minimising clients' IHT liabilities: Where there's a will there's a way

Minimising clients' IHT liabilities: Where there's a will there's a way

There are ways to mitigate an anticipated inheritance tax bill

Richard Burgess
clock 08 April 2024 • 4 min read
HMRC warns about taking benefits until it fixes LTA abolition rules

HMRC warns about taking benefits until it fixes LTA abolition rules

Request came just two days before the LTA abolishment date

Jonathan Stapleton
clock 05 April 2024 • 1 min read
Child benefit changes extend tax trap to more parents

Child benefit changes extend tax trap to more parents

'We know that lots of parents are bamboozled by the system'

Laura Suter
clock 04 April 2024 • 3 min read