Passing on your pension plan: A tax-efficient way to leave your assets to your loved ones

In the UK, your pension plan does not usually form part of your estate, meaning that it can be passed on to your family without being subject to inheritance tax. This makes it one of the most tax-efficient ways to leave your assets to your loved ones.

To pass on your pension plan, you will need to nominate who you want to inherit it by filling out a form with your pension provider. You can choose to nominate as many people or charities as you like and decide the portion each of them should receive.

Estate Planning, Estates, Inheritance Tax, RetirementVictoria Vyce18 July 2023pensions, inheritance tax, iht, wills

[Video] Autumn Statement 2023 Financial Planning Tips for Later Life

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Finding it hard to keep up with all the budget changes this year?

Join Richard Higgs for an analysis of what the Autumn Statement means for your later life financial planning. The webinar covers income tax, dividends, capital gains tax, EIS and VTCs, inheritance tax, pensions and social care - a very comprehensive analysis for you!

Your Financial Checklist For 2023

The end of the year has come around so quickly, I can’t believe it’s time to start planning for 2023 already!

I want to share a checklist to help you get financially prepared for 2023. If you manage to tick all of these off, you’ll have the clarity and confidence to make your financial plans a reality.

Estate Planning, Estates, Inheritance Tax, Investments, RetirementAmy Wood1 December 2022Wills, gifting, ISAs, LPA

Richard Higgs gains SOLLA Accreditation

We are delighted to announce Richard Higgs, Chartered Financial Adviser has achieved the SOLLA Later Life Accreditation, the gold standard for advice in the Later Life market.

The Society of Later Life Advisers (SOLLA) was established in 2008 as a not for profit organisation dedicated to higher standards and accessibility to regulated financial advice for older people and their families. SOLLA helps people find trusted accredited financial advisers who specialise in the financial needs of older people.

Long Term Care, Retirement, Trusts, VulnerabilityAmy Wood7 September 2022SOLLA

Pension Consolidation

Pension consolidation is a buzz word in financial planning with many articles and videos produced which make it sound more complex than it perhaps needs to be. Simply put, it means if you have more than one pension, getting them organised, but getting them organised in a sensible way.

Retirement, InvestmentsAmy Wood7 September 2022pensions

Are You Coming Up To Retirement?

If you don’t already have a solid plan for your retirement – or even if you do, when you’re nearing your retirement it’s a good idea to review your options and seek advice. You need to understand the choices for accessing your pension and make a plan for drawing down income from it to ensure you can enjoy the retirement you deserve.

RetirementAmy Wood11 May 2022retirement, pensions