Getting your ducks in a row: death benefits from pensions
15 August 2024A contact approached me some time back to look at her financial planning on a pro-bono basis as personal finances were a little tight and she wanted to consider her options.
A contact approached me some time back to look at her financial planning on a pro-bono basis as personal finances were a little tight and she wanted to consider her options.
There are many things that as individuals we might want to set as goals or ambitions, and these vary over time as we move through our life phases and junctions.
As individuals, we all like to receive our information and data in particular ways, with some more modern than others.
Little stands still, and many landscapes change, with adaptions made by us to reflect our reaction.
When using a financial planning adviser, independence can be important to achieve bespoke outcomes.
Most children get their pocket money from their parents, although over a third get money from their grandparents. Gifting to younger generations can be an effective way of reducing an IHT bill!
It is interesting to note how economic factors have changed over the last two years.
The State Pension remains a topical subject, from the ability to top it up where shortfalls exist, to the real advantages of the ‘triple lock’
There have been many articles written on the possible transfer of wealth in the UK to younger generations. This may prove to be the case over time, although there might be other issues, such as long-term care costs, that may slow or reduce any planned gifting.