Smart Money May/June – Pensions and Inheritance Tax changes

This issue offers insights into several important financial planning topics, including: 

• Page 4: The growing trend of ‘unretiring’ and how rising living costs, inflation and changing retirement expectations are reshaping later life planning. The article explores why more retirees are returning to work and highlights the importance of reviewing retirement income strategies to help maintain long-term financial security.

• Page 5: Why writing life insurance policies into an appropriate trust can help protect family wealth from Inheritance Tax. This section explains how trusts could keep policy pay-outs outside your estate, helping loved ones avoid unnecessary tax liabilities and delays caused by probate.

• Page 8: Understanding the pension and Inheritance Tax changes coming in April 2027. The article outlines how unused pension pots may soon become subject to Inheritance Tax and why early estate planning, gifting and reviewing retirement strategies could become increasingly important.

• Page 10: Making the most of the new tax year by using ISA allowances efficiently. This feature explains how starting contributions early, investing consistently and using tax-efficient strategies could help future-proof finances and maximise long-term investment growth.

Get in touch:

Please contact your Foster Denovo Partner or email advise-me@fosterdonovo.com or call 0330 332 7866 for more information.