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I have £300,000 invested in a pension - how can I leave it to my six grandchildren?

I have £300,000 in a Sipp that I don't need for my living expenses, as I have final salary pension income and Isas that I can draw on for extra tax-free income. I'm widowed, with six young grandchildren, and am considering leaving this pension pot to them, but how does this work if they wanted to take money out of it after I die?

The DIY investing platform says there was a 10% increase in the number of its early birds this year, and a 31% jump in those who immediately maxed out their whole £20,000 annual Isa allowance.

Dacia's new Duster goes distinctly upmarket - has it lost its value-for-money appeal?

When the Dacia Duster first burst onto the UK market in 2013, its sub-£10,000 starting price grabbed headlines. Launched as a no-frills compact family car, it provided a tempting choice for motorists who cared more about the reserves in their bank balance than they did for modern luxuries, the latest technology or the upmost refinement from a vehicle. Fast-forward a decade and the Romanian car maker - owned by Renault - has unveiled its third-generation Duster. And for 2024, there is a distinct move up market. But has Dacia now put at risk Duster's unique selling point of offering the absolute minimum requirements from a car to guarantee a market-busting low price? We've been driving it in Spain to find out...

In this instalment of our fund manager series, we quiz Rory Stokes, deputy portfolio manager of The European Smaller Companies Trust with quickfire questions.

The banking giant's pre-tax profits slumped by 27 per cent to £1.33billion in the opening three months of 2024, although this was above analyst expectations of £1.26billion.

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BUSINESS LIVE: Anglo American snubs BHP bid; NatWest profits fall; Pearson English

Among the companies with reports and trading updates today are BHP, Anglo American, NatWest and Pearson. Anglo American has rejected rival BHP Group's £31.1billion takeover proposal, which the London-listed miner said significantly undervalued the company and its future prospects.

Anglo American has rejected rival BHP Group's £31.1billion takeover proposal, which the London-listed miner said significantly undervalued the company and its future prospects.

The cybersecurity company has received an offer from US private equity firm Thoma Bravo, which tried to snap up Darktrace two years ago until talks broke down.

City analysts think vulnerable blue-chip stocks include Unilever, BP, Reckitt Benckiser, Standard Chartered, Entain and Burberry.

Some 89% of LSE shareholders voted to more than double David Schwimmer's (pictured) maximum package from £6.25m to £13m.

Filtronic on Wednesday confirmed that it will supply 'E-band Solid State Power Amplifier' modules for SpaceX's Starlink satellite constellation under a $19.7million deal.

Ten stocks to invest in NOW to profit from Rishi's defence spending boost

From an investment point of view, what was interesting is that Rishi's boost to defence spending was accompanied by a 'joint statement' from HM Treasury and the Investment Association - an organisation representing the country's £8.8 trillion fund management industry. Although brief, its message was clear: investing in defence companies is good for the country - and good for investors. Here are 10 opportunities that investors may wish to consider...

Buy-to-let hotspots revealed: Where landlords are still buying - and why

Landlords are increasingly shunning London and other southern English towns and cities to invest in the midlands and north of England. Last year, portfolio landlords (those with four or more properties) flocked into cities such as Manchester, Birmingham and Nottingham, according to analysis by buy-to-let mortgage lender, Paragon Bank. It revealed the top 10 most popular buy-to-let postcodes of 2023 with only one located in the southern region of England.

Should I stay at my private school with a less generous pension, or take a £16,000 per year pay cut to stay within the gold-plated Teachers' Pension Scheme?

EXCLUSIVE

As many as 40 per cent of people in the UK who have considered splitting up said the main reason for not going ahead was financial, according to research by Investec Wealth & Investment.

Used Range Rover values tumble: Theft fears and insurance hikes mean owners face a hit if

Many Range Rover and Land Rover drivers might be tempted to sell to avoid high insurance costs - but exclusive market data shows the value of the luxury SUVs has slumped. In the worst case scenario, owners of three-year-old Range Rover Evoque hybrids have seen the average price for their motor dive by 33.9 per cent - the equivalent of £13,170 - compared to what the same car was worth 12 months earlier.

Mini latest electric offering - the Aceman - has been unveiled at the Beijing International Automotive Exhibition. It will start from just over £31,000 and be delivered this autumn.

Car premium finance is a form of loan that lets consumers pay for car insurance in intervals, normally monthly, rather than yearly. But doing so means paying extra.

Can I reclaim £1,273 after mice chewed cables in my loft? SALLY SORTS IT

I am at my wits' end trying to sort an issue with HomeServe and getting nowhere. I have been a customer of the emergency repairs company for more than two decades, paying it to cover my electrics and plumbing against disaster. Until now, I had never made a claim before. The first time I do, after mice ate through electric cables in my loft, it won't reimburse me for £1,273 of emergency work. I feel upset, and trying to sort it out has made a stressful situation worse. 

Royal Mail's £5 fake stamp fines are a cynical way to make us pay for its failures

Royal Mail is one of this country's most iconic brands, woven indelibly into the fabric of our society. More than seven billion letters are delivered countrywide every year by its army of posties bedecked in their striking red garb. That's a lot of letters - and a chunk now carry fake stamps.

Research from Warm This Winter found that most of the 383 fixed-rate tariffs on the market are not as cheap as price-capped bills and can come with very high exit fees.

Nationwide's takeover of Virgin Money is hitting the headlines as thousands of customers protest that they will not get a vote on whether it should happen.

New Tesla Model 3 Performance has arrived: Here's when you can get your hands on the

The new Tesla Model Performance model will accelerate from 0 to 60mph in 2.9 seconds. It'll cost £59,990 and is available to order now. Deliveries are expected in the summer. The Performance variant follows on from the recently updated Model 3 - it had a facelift in 2023 - joining the Rear-Wheel Drive and Long Range models to complete Model 3 offerings.

Sadiq Khan's relentless drive to force polluting cars off London's roads using his controversial Ultra Low Emission Zone is working, according to a new study.

A backseat drivers is someone you hate to have in the car as a passenger who always thinks they know better or is quick to critique how you perform behind the wheel. Here are 20 telltale signs of one.

Bereaved families paid a record £7.5bn inheritance tax last year - here's how IHT works

The latest IHT figure is the third record annual haul in a row and the Office for Budget Responsibility forecasts inheritance tax receipts will reach £9.7 billion a year in 2028/29. The property boom over recent decades plus frozen thresholds are dragging more families into the inheritance tax net, and the Treasury is raking in ever bigger sums as a result.

Aberdeen tops the list of the cheapest cities to be a first-time buyer while the most expensive is London. And for tenants, the cheapest city is Carlisle, while the most expensive is also London.

We lost our £300,000 life savings to an investment fraudster who spent it on jet set

Gareth and Marilyn Hamblin (pictured) lost their £300,000 life savings to fraud kingpin Jonathan Arafiena (inset) who spent his victims' cash on cars, watches, gold bullion and expensive property rentals. Arafiena was jailed for 5 years after scamming some 350 people across the UK out of millions of pounds.

I recently drove down a private road which was in poor condition and my front wheel caught a pothole. It's damaged my car and now I face a big repair bill.

New energy deal is 13% a year cheaper than Ofgem price cap: Is it worth signing up?

A new energy tariff from Outfox the Market offers electricity at around 13% cheaper than the average Ofgem price-capped bill, and gas at 9% cheaper. The deal, which launched this month, is fixed for 12 months and has no early exit fees. This makes it a tempting alternative to the typical current energy bill of £1,690 a year - the level of the Ofgem price cap . So is it worth signing up to?

We reveal the locations which boast the strongest rental yields for buy-to-let investors - as well as considering where might be the best spots for house price growth.

The property portal has revealed there are 20% more homes on the market than this time last year. What does that mean for buyers and sellers?

Is there a risk that inflation falls below 2% and then spikes again? This is Money podcast

Inflation is steadily making its way back towards the Bank of England's 2 per cent target but opinions are divided on what happens next. Will the UK economy get stuck in another disinflationary trap, or will we see another spike as second round effects take hold? Plus, food prices, Woodford's return, new Isa rules and supermarket bag charges.

BHP launches £31bn bid for Anglo American: Audacious swoop threatens 'to set whole mining

The offer, which analysts said could set the whole mining sector 'on fire', is the second for a FTSE 100 company this year and fuelled fears over the health of the stock market amid a wave of takeover activity. BHP, which quit London for Sydney in 2021, is hoping the mega-merger will boost its copper production.

Boss Hein Schumacher (pictured) is to spin off a £15bn company that includes household names Ben & Jerry's, Wall's and Magnum next year.

FTSE 100-listed Barclays said income from its UK operations fell 7% year-on-year, amid subdued mortgage lending and 'adverse deposit dynamics.'

BHP boss Mike Henry (pictured) is danger of being regarded as public enemy number by backers of the London Stock Exchange.

Marco Amitrano, the firm's head of clients and markets, was chosen ahead of female rivals Laura Hinton and Hemione Hudson.

Sainsbury's takes a bite out of rivals: We're pinching sales, says boss

Boss Simon Roberts said the country's second-biggest supermarket was pinching shoppers from discounters Aldi and Lidl as well as more expensive rivals. He said its groceries business was 'firing on all cylinders' as a strategy to 'put food back at the heart' of the group has paid off. Food sales increased 7.3% in the fourth quarter and 9.4% over the year.

The pharmaceutical giant reported total turnover climbed by $1.8billion at constant exchange rates to $12.7billion (£10.2billion) in the opening three months of 2024.

WH Smith's share price fell by 9% on Thursday after the group flagged lower growth at the start of the second-half, after a strong travel boom last year.

Lloyds, which is Britain's biggest mortgage lender, now thinks prices will rise by 1.5% over the course of 2024, helped by lower interest rates.

WPP's quarterly revenue fell 1.4% to £3.4bn in the period, amid lower income from China and a slowdown in marketing spending among tech giants.

Why did DWP say my mum, 90, was owed £60k in state pension - when that was false?

We were told it was high priority and someone would phone back to explain things as it had gone to the higher managers. No call back came. This has caused my poor old mum so much stress. Before we had the power of attorney registered we had to have her with us to confirm we could speak on her behalf. She is so stressed now and confused as she heard both the calls telling her of her large refund. Is there any way forward with this?

There are currently eight million people living in 3.7 million English properties that a group of charities have classed as 'dangerous homes'.

We go on holiday every year with four other couples and their kids to a villa in Greece. Throughout the year we all pay into an account by direct debit so we can spread the expense evenly...

You shouldn't bank on an inheritance windfall: Many people discover they will get nothing,

Some 3.5million people have made financial plans to spend expected inherited family wealth, only to be disappointed, new research reveals. Almost one in four 18 to 24-year olds have been blindsided by a lack of inherited funds. This drops to just over one in six for 25 to 34-year-olds.

We pick our five favourite cash Isas for savers. This is essential reading to help you choose a top savings account for your money that can also protect you from tax.

Andrew Bailey has had little to celebrate of late. He has suffered the slings and arrows of the barbed Bernanke report on Bank of England forecasting.

Electric Range Rover revealed during Arctic Circle testing - here's how much it's likely

The very first all-electric Range Rover is due to be unveiled later this year - but we've already been given an initial glimpse of how the battery-powered luxury SUV will look and perform. Parent company JLR (formerly Jaguar Land Rover) has revealed images and footage of its debut electric Range Rover during final-stage testing in icy conditions in the Artic Circle. It shows a prototype version of the SUV being driven in temperatures as low as -40 degrees Celsius as part of its sub-zero 'calibration assessment' - and, importantly, it's the first time we've seen the Range Rover Electric without any camouflage to hide some of its angles.

The UK's pothole epidemic is intensifying with the RAC attending 10% more breakdowns resulting from motorists driving through potholes than a year ago.

Mercedes has unveiled its new electric G-Class - the 'G580 with EQ Technology'. Mercedes says the electric luxury 4x4 is set to be its best off-roader yet, and comes with 293 miles of range.

Large family houses costing an average £683k are hot property, says Rightmove, as asking

Average property asking prices have risen for the four consecutive month, according to Rightmove. The average newly listed property rose by 1.1 per cent in April to £372,324 up from £355,177 in December.  The latest increase means the average newly listed property is being priced only £570 below the peak in asking prices recorded in May last year.

Five mortgage lenders have announced they are increasing rates in the latest blow to home buyers and anyone looking to remortgage.

Waits are running at 13,7 weeks on average for probate, but lawyers report application times are now so uncertain they can't give people a answer on how long the process will take.

Matt's the victim of a £1.5m fraud - so why is his bank treating him so shabbily?

For nearly six years, Matthew Tough has tried to get his bank, Barclays, to take responsibility for its part in allowing a £1.49million fraud to be committed against him. He has failed, though not through lack of trying. He has racked up a six-figure legal bill in the pursuit of justice, hounded the bank for documents and recordings of calls, and recently wrote to the board members of Barclays urging them to investigate his case. None had the courtesy to respond.

I'm neither terrible nor terribly good with money and have spent most of my adult life ticking along and getting by. The truth is, I'm not particularly well-versed when it comes to financial affairs.

Over a third of UK drivers told Auto Trader that buying a brand-new car is now a bigger milestone than purchasing a property, mainly because it's more attainable.

Meet Tom Hayes - the trader jailed for Libor-rigging who says: 'I'll never give up

Tom Hayes was jailed for rate-rigging but says he was a scapegoat. Some are sceptical, but there is growing concern a miscarriage of justice has taken place. Ruth Sunderland speaks to him as Hayes reveals how he went from a fleet of Mercedes and a multi-million pay packet to a life serving alongside those in prison for killing people and on his release being broke and living in his parents' flat.

The conflict in the Middle East has led to a surge in the gold price in recent weeks, for the metal has long been the classic place to put savings at a moment like this. But gold is an unsatisfactory investment.

Stop inheritance tax perk on pensions - and other loopholes, says IFS

The Government should stage an inheritance tax raid on unspent pension pots and close other loopholes, says leading think tank the Institute for Fiscal Studies. Pension pots sit outside the inheritance tax net and pulling them into it could land the Government an extra £200million in revenue, IFS research claimed.

After what has felt like an interminable season of soaring living costs and sky-high interest rates, things are starting to finally look brighter for the household budgets of millions.

T'Pau is my pension: Carol Decker reveals how her hits paid off

Carol Decker is lead singer of pop group T'Pau, who had a string of hits in the late-1980s with songs such as China In Your Hand, which spent five weeks at No 1, and Heart And Soul, a Top 5 hit in Britain and the US. Carol, 66, lives in Henley-on-Thames with restaurateur husband Richard and their two children, here she reveals all about her finances and whether 80s stardom left her rich.

Research carried out by Nationwide Building Society showed that 44 per cent of its members are in favour A further 48 per cent said they were 'neutral' about the plan and 8 per cent were opposed.

New data from Motorparc, published by the SMMT showed more than 41 million vehicles on Britain's roads last year - here's how they are powered.

I was left £5,000 short after 6 months waiting for state pension - and the DWP offered

The 68-year-old claimed his deferred state pension last October, and subsequently made numerous phone calls and two official complaints when his payments didn't begin. He had postponed taking his state pension when he first reached state pension age more than two years ago. Many people choose to delay in exchange for higher payments later in retirement.

Best stocks & shares Isas: Pick the right investment account

Choosing the right DIY platform is crucial but a wealth of choice and a variety of charges can leave investors scratching their heads. We pick some of the best. We pick some of the best. We also highlight why investing in an Isa makes sense, as it should protect your hopefully growing investments from tax forever.

If you are planning on investing, or just want to know more, we tell you the 10 essential things to consider for a successful buy-to-let investment

Fixed mortgage rates are continuing to fall back from their summer peak, with a number of fixed rates deals now less than 5 per cent.

Premium Bonds Winners

Prize Area Value of bond
£1,000,000 Outer London £45,000
£1,000,000 Highlands And Islands £18,500
£100,000 Shropshire £50,000
£100,000 Leeds £100
£100,000 Warwickshire £50,000
£100,000 Greater Manchester £40,000
£100,000 Cheshire East £20,000
£100,000 Surrey £50,000
More April 2024 winners
View list of April 2024 winners
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