Personal pension age change delays access to savings
From April 2028, pension access rises to 57, impacting those born after April 1973 Early pension access will be limited to those with ill health or protected pension ages Many are worried about the upcoming change, so seek advice and review your plans A two-year increase in the normal minimum pension age could impact retirement planning for […]
When gifts backfire
Gifting can reduce IHT, but poor record-keeping could cause the exemption to be rejected Gifts with reservation (e.g. continuing to benefit from gifted assets) often trigger unexpected IHT bills With frozen thresholds and pensions joining IHT, careful planning is more important than ever With pensions set to join the list of assets liable for IHT, for many families, […]
Life insurance – time to redress the gender gap
Women are less likely than men to hold life insurance or understand its benefits Many women have not been educated about life insurance and believe they can’t afford it Life insurance provides financial support to loved ones if the policyholder dies during its term Women are falling through the cracks when it comes to life insurance. According to a […]
Clients are tuning in to intergenerational planning
More families now prioritise intergenerational planning, driven by record IHT receipts and policy changes Only half of advised clients have IHT solutions in place, showing a clear advice-action gap Women are set to control 60% of UK private wealth by 2025 but remain under-advised The Great Wealth Transfer is happening, with the UK expected to […]
In the news
In the summer, the government launched a consultation on the future of the State Pension age Research has found that there’s a dip in financial confidence when UK adults reach their 50s Discussing finances is taboo for many Brits, although younger generations may be pushing for change A midlife dip in financial confidence Research1 has found that there’s a dip […]
Unspent pensions to be included in IHT from 2027
Unspent pensions will be subject to IHT from 2027, changing inheritance rules significantly Double taxation risks arise, as pensions inherited post-75 may face both income tax and IHT Planning tools such as gifting, trusts, and insurance can help mitigate future IHT liabilities The government has confirmed it will move ahead with plans to include unspent […]
Women lag behind with pension savings – time to make amends
For every £1 in a man’s pension pot, a woman has just 42p Career breaks, part-time work and lower wages widen the gender pensions gap Purposeful contributions and proactive planning can help women build stronger retirement security Nearly 40% of women in the UK risk not having enough funds for a comfortable retirement, according to […]
The retirement landscape – hybrid working changes the scene
Hybrid working helps employees phase gradually into retirement while supporting wellbeing Working part-time after 66 can smooth the retirement transition and boost pension savings Seek advice as pensions, investments and tax payments could all be impacted Higher productivity. Better quality of life. Greater satisfaction. These are just some of the potential benefits of hybrid working; […]
Gen Z – betting on an inheritance – time to stand on your own two feet?
Relying on inheritance to fund retirement is risky as it can’t be guaranteed Starting early with small, regular pension contributions can help you benefit long-term compounding Take advantage of employer contributions, combine pension pots and maximise tax relief Retirement can seem an age away when you’re in your twenties and thirties, but it’s never too […]
Online fraudsters target UK investors
Many UK investors use social media to help make their financial decisions To protect investors from misleading advice, the FCA is taking decisive action Professional guidance helps investors make safe, informed decisions and avoid costly mistakes Social media finfluencers. Internet searches. AI chatbots. A growing number of people in the UK are turning to unregulated – […]
