Working without a Default Retirement Age

May 12, 2014

In our last issue we reported that the Default Retirement Age of 65 had been abolished. It remains a matter for each employer to decide if they fix a retirement age or just deal with each individual on his or her own merits. If your employer has a fixed retirement age and your employment is terminated just because you have reached it, you may have a claim for unfair…

New Rules for Retirement

May 12, 2014

The default retirement age, which was 65 years old, was abolished on 1st October 2011. This means that employees have the option to continue working after 65 years of age and if they are compulsorily retired then they may be able to bring claims for age discrimination and unfair dismissal. An employer can still set a default retirement age, but any decision to retire an employee must be…

Child Support and Maintenance - Part 1

May 12, 2014

When parties are separated or divorcing it is possible for either party to arrange payments directly between them on a voluntary basis. It is often the case that the parties may also look to see what the Child Support Agency (“CSA”) assessments would be before…

Retirement: A Time to Take Stock

May 12, 2014

Many people, when approaching retirement or shortly after having retired, take the opportunity to review their financial and personal affairs. This is often a time when they realise that their priorities for the future have changed, now that they are older and their children have grown up. For example, whereas previously Inheritance Tax was their main concern, now it is the potential cost of future…

Making Gifts and Using Your Assets

Apr 15, 2014

In our previous issue we discussed making gifts and taper relief and we now move on to explore the way in which lifetime gifts can be challenged if there is a possibility that funds may be required to pay for long term care or nursing home fees. Most people are aware that they may need to pay for their residential care, if they cannot continue to live in their own homes. If they have reasonable…

The Pitfalls of a Joint Account

Apr 15, 2014

Many people hold a joint bank or building society account either with their spouse or partner or sometimes with another family member. This article will suggest some of the difficulties encountered with joint accounts and the common misconceptions regarding ownership of the funds. There are a variety of reasons for holding an account in joint names, for example where a couple own a property…

Welcome to the Barrett and Co Articles Library, here you will find articles on many relevant and interesting topics. This section will be updated every few months so check back regularly. If you have any suggestions for articles please email [email protected] or use the Contact Form on the right.

Please note that whilst we make every effort to make sure that these articles reflect the law at the time they are written, they are not maintained as the law is constantly changing and affects each person or business in different ways. If you require specific advice on a matter please call our office or email the relevant solicitor and they will be happy to assist you.

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