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

Spring Budget decisions motivating client push for more tax efficiency

Spring Budget decisions motivating client push for more tax efficiency

‘Frozen thresholds are impacting on bonds positively’

Hope Coumbe
clock 16 May 2024 • 1 min read
CGT: Clients need 'different wrappers at different times'

CGT: Clients need 'different wrappers at different times'

A platform offers the opportunity to invest in multiple tax wrappers

Barry Foster
clock 14 May 2024 • 4 min read
Business Relief in IHT planning set to become 'even more important'

Business Relief in IHT planning set to become 'even more important'

Advisers expect to see an increase in unquoted BR in IHT planning

Isabel Baxter
clock 09 May 2024 • 1 min read