Financial Advice for Lesbians
Life Assurance & Critical Illness Cover
Some life insurers, offering Critical Illness cover, will charge women more - it is important to get advice from a truly independent advisor.
Some life insurers, will include your children on the policy others will not. Seek expert advice before you sign.
Critical illness cover is strongly recommended for women from families with a history of breast cancer.
Life Insurance For Lesbians
Fortunately, lesbians are not generally discriminated against for Life Insurance.
However, it is still very important that you apply for Life Insurance from an independent financial advisor who understands both your lifestyle and the particular issues you face.
A very common mistake is to apply through your Bank or through an advisor who has no understanding of your sexuality or lifestyle.
Tax Issues for Lesbians
- Lesbian couples are not recognized by Inheritance Tax Rules
- Lesbian couples are not recognized by Capital Gains Tax Rules
- On death the deceased's estate will have to pay full inheritance tax
Married heterosexual couples are exempt from these taxes
Call us now freephone on 0800 074 6918
Please Note:
The information on this page is based on that provided by www.gayfinance.info - independent financial advisers serving the UK 's gay and lesbian community for over 10 years. Gayfinance.info do not offer debt or insolvency advice but are specialists in providing personal financial advice on life insurance, pensions, investments and tax.
For further information visit the www.gayfinance.info website or call on 08000 1960 69.
IVA's
The IVA Guide
Money Advice Direct has put together an IVA Guide based on the enquiries and questions that we receive at our helpline offices.
In the guide we cover such subjects as IVA Approval, early settlment of your IVA, missed IVA payments, IVA failure, additional debt claims and much more.
[click here for IVA Guide]
What is an IVA?
The IVA is an extremely powerful tool enabling you to clear your debt and return to a clean financial bill of health. Visit Money Advice Direct's Guide to Individual Voluntary Arrangements (IVAs).
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DANGER
Due to the tremendous demand for debt consolidation services the United Kingdom is now overloaded with debt management companies that contain misleading information. [more...]