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Taking out life insurance is a crucial step in protecting what matters most — your loved ones and their financial security. Recent research* highlights a concerning ‘life insurance equality gap’ among UK workers. A survey found that only 50% of salaried employees have life insurance, while an even lower percentage — just 33% — of non-salaried workers, including freelancers, self-employed and those on zero-hour contracts, have cover in place. Insurance provider Beagle Street, which is part of the OneFamily Group, surveyed 2,000 people between the ages of 18 and 50 and asked about their working patterns and attitudes towards insurance. Of those in non-salaried work without life insurance, the most common

Aside from the change announced about bringing unused pension pots into IHT from April 2027, other announcements relating to pensions were thin on the ground during the Budget speech. The Chancellor confirmed that the State Pension will increase in line with average earnings, rising by 4.1% in April 2025. The new flat rate State Pension is expected to rise to £230.25 a week, the old basic State Pension is anticipated to rise to £176.45 each week. A reminder about current pension allowances and thresholds: A significant shift The end of the IHT exemption for pension pots will prompt some rethinking of retirees’ decumulation strategies as people focus on using their