Planning for the next generation using Pensions

Planning for the next generation using Pensions.

To quote from the Blue Oyster Cult song lyrics, “Don’t fear the reaper”. An essential part of the advisers role is the planning the steps taken to protect your clients estate. Since the introduction of pension freedoms and the increased flexibility and choice open to clients and whom can benefit from their remaining pension pot, this has become even more important when planning how wealth is cascaded. However, there are things that can be done today with pensions to help spread the wealth at an earlier point in time whilst providing valuable tax savings for your clients. The session will examine ways of using pensions contributions to benefit others along with considerations around the lifetime allowances and the outcomes of the recent Staveley case with respect to pension transfers within two years of death.

Learning objectives

• Examine how wealth can be cascaded within the family via pension contributions.
• Understand the importance of the use of nominations & trusts in planning death benefits.
• Identify the considerations around the Lifetime Allowance.
• Demonstrate IHT and pension transfers interact.

Bio: John has over 30 years' experience working with advisers to help them navigate the broader issues of retirement and estate planning. Most recently, John was Commercial Director at Fidelity International, responsible for the strategy and business plan for Fidelity Retirement Services. Prior to Fidelity, John worked at Legal and General as Product and Funds Director in the savings business. Having helped establish trust companies, spoken on pension, estate planning topics and the use of lifetime mortgages in planning, he brings a wealth of experience from a broad-ranging career with thorough knowledge of pensions, investments, estate planning and the platform market.

This presentation will be via a Webinar and joining details will be issued shortly before the event.

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