After more than five decades at the helm of Berkshire Hathaway, legendary investor Warren Buffett has announced he’s retiring at the age of 94. He’s credited with turning the failing textile maker into a successful holding company. In May 2025, the BBC estimated Berkshire Hathaway was worth $1.16 trillion (£870 billion).

Considered by many to be the most successful investor of the 20th century, Buffett has regularly featured on lists of the world’s wealthiest people, despite giving away vast sums.

While Buffett has a huge number of resou...

Managing your tax liability could help reduce your overall tax bill and get more out of your money. If you’re unsure how and when you might pay Dividend Tax, read on to find out.

A dividend is one way a company can distribute profits to shareholders. You might receive dividends if you hold shares in dividend-paying companies or if you’re a business owner.

Changes over the last few years mean more people are paying Dividend Tax.

For example, the amount you can receive in dividends before tax is due, known as the “Dividend Allowance”, gra...

Writing your will should give you confidence that your assets will be distributed in line with your wishes when you pass away. Yet, for an increasing number of people, this might not be the case as they overlook the value of working with a professional.

You don’t need to use a solicitor when writing your will, but it could be useful, especially if your affairs are complex.

As well as taking a DIY approach, research published by Today’s Wills & Probate in May 2025 found that people are also turning to AI. Indeed, 47% of survey respondents...

In April 2028, the age you can usually access your pension, known as the “normal minimum pension age” (NMPA), will rise from 55 to 57. So, if you hope to retire at 55, you might need to update your retirement plan.

Even if your planned retirement date seems far away, creating a plan now could help you bridge a potential shortfall so you’re still able to give up work when you’re ready to.

As well as the NMPA, the State Pension Age is set to rise. From 6 May 2026, the age you can claim the State Pension will gradually increase from 66 to 6...

Passing on your wealth to loved ones could transform their lives and mean they have more opportunities in the future. However, to get the most out of the “great wealth transfer”, younger generations need to be prepared to manage their inheritance.

According to September 2024 data from Vanguard, it’s estimated $18.3 trillion (£13.45 trillion) in wealth will be transferred globally by 2030. It’s expected to be the largest intergenerational transfer of assets in history, leading to it being dubbed the great wealth transfer.

In the UK alone,...

Are you planning a city break this summer? With so many destinations to choose from and pros and cons to weigh up, deciding on a location might feel overwhelming.

Luckily, Which? recently released the results of a survey where they asked over 1,500 members to rate their experiences of world travel over the last year, taking into consideration almost 2,500 city visits.

Each location was marked on seven criteria, including:

• Quality of food and drink

• Cultural sights

• Tourist attractions

• Ease of getting around

• Shoppin...

Trade wars and fears that tariffs could spark recessions meant investment market volatility continued in March 2025. Read on to find out more about some of the factors that may have affected the value of your investments recently. 

The Organisation for Economic Co-operation and Development slashed the growth forecast among advanced economies this year due to concerns about trade wars. The organisation now expects the global economy to grow by 3.1% in 2025 – down from the previous forecast of 3.3%.

As investors sought to move money into “...

Geopolitical tensions have led to a bumpy start to 2025 for investors. If you’re worried about volatility and what it might mean for your long-term finances, there are reasons to remain calm despite the uncertainty. 

The ongoing war in Ukraine has resulted in some anxiety in Europe, with the UK and other countries committing to increasing defence spending. In addition, the new Trump administration in the US has imposed several trade tariffs on partners and suggested more will follow.

As a result, many companies and sectors have seen shar...

Data released by Scotland’s largest health board has highlighted the potential challenges families could face if a loved one doesn’t have a Power of Attorney in place. 

According to a BBC report, in NHS Greater Glasgow and Clyde, a third of patients who are delayed getting out of hospital are stuck because they don’t have a Power of Attorney, the Scottish equivalent of the Lasting Power of Attorney (LPA) available to residents of England and Wales. This means there isn’t someone to make decisions on behalf of a patient if they no longer h...