Estate planning

Making it work: Getting the most out of pensions freedom

Retirees spending plans unchanged by death tax overhaul – study

Removal of the punitive 55% death tax charge on pension benefits is unlikely to spur people into saving move into their pensions or spending...
SIPP rebirth: The most flexible pension product ever?

Life expectancy to rise ‘six years in a generation’

Life expectancy will increase by up to six years within a generation, experts say. Researchers, from Imperial College London, said the rise in life expectancy – driven by people’s improving health and better medical care – had been underestimated by official figures. These forecasts are higher than those issued by the ONS – by 2.4 years for men and one year for women.

Older people abandon retirement dreams provide ‘living inheritance’

Many older people are giving handouts to younger generations now rather than delaying until they die, and some are sacrificing their own retirement dreams along the way, new research reveals. Some 53 per cent of retirees said they had not realised at least one of their hopes for retirement, with living abroad, extensive travel, learning a foreign language, starting a business, buying a car and playing more sport among the dreams being jettisoned.

Accountants report ‘sharp rise’ in demand for IHT and pensions advice

People have become more aware of pensions and inheritance tax issues over the past 12 months, prompting a sharp increase in demand for financial...

A place for everything: Why pensions freedom will boost family SIPPs

Less than a month after the overhaul of the UK pensions market, it seems everyone is still talking about retirement options post-April 2015. While from...

Advisers should review legacy pensions now or risk future ‘death benefit complaints’, provider urges

Advisers should review clients' legacy pensions now to avoid any future potential negligence claims as many will not facilitate the recently death benefit changes,...

General election 2015: What parties’ pension tax plans mean for your clients

Political parties' plans for pensions tax after the general election are set to hit the highest earners the most,...

The myriad ways to invest a £300k pension pot

Most prudent savers have adopted a “wait and see” approach rather than rushing to make decisions in the first two weeks of the new pension freedoms. They now have unrestricted access to their pension pots, whereas in the past many had no option but to buy an annuity. For some a reliable income will be the priority, whereas others will focus on what they can leave to their children.

Electioneering: Assessing the Tory IHT/pension tax relief pledge

It seems scarcely a Budget or Autumn Statement goes by without some change to the tax treatment of private pension plans. It is, therefore, unsurprising...

Death benefits: Mike Morrison explores potential pitfalls

Undoubtedly, one of the biggest changes to the pension rules has been the removal of the so-called ‘death tax' of 55% on crystallised funds. There...
 

Popular articles

DB transfers, PII issues and SIPP market drama… what you missed...

Defined benefit transfers, PI insurance and self-invested personal pension (SIPP) court cases were at the top of the agenda at the Retirement Planner Forum...