The landscape of retirement planning has shifted dramatically over the years. Since Pension Freedom was introduced in 2015, many financial advisers have encouraged clients to use pensions both as an income source and an inheritance planning tool. However, with the recent changes announced in the 2024 Autumn Budget, retirement planning strategies require a serious rethink. … Continue reading How Do I Invest for My Retirement? SIPP, ISA, or GIA?
Tag: tax
Understanding the New IHT Rules for Pension Death Benefits from April 2027: What You Need to Know
From 6 April 2027, pensions will no longer remain untouched by inheritance tax (IHT), marking a significant shift in retirement and estate planning. This new landscape will require pension scheme members to rethink how they manage their savings, beneficiaries, and estate plans. Let’s break down the implications and outline what you can do now to … Continue reading Understanding the New IHT Rules for Pension Death Benefits from April 2027: What You Need to Know
Safeguarding Your Family Farm: Navigating Upcoming Inheritance Tax Changes
In the recent Autumn Budget, the UK government announced significant changes to inheritance tax (IHT) affecting farmers. Starting April 2026, the first £1 million of combined business and agricultural assets will remain exempt from IHT. However, assets exceeding this threshold will be subject to a 20% tax rate, a shift from the previous full exemption … Continue reading Safeguarding Your Family Farm: Navigating Upcoming Inheritance Tax Changes
Understanding VAT Exemption and Regulation in UK Financial Planning
Introduction Financial planning is an essential service that helps individuals manage their financial future. However, the VAT treatment of such services in the UK can be complex, influenced by whether they are linked to financial intermediation, which is regulated by the Financial Conduct Authority (FCA). This article delves into the intricate relationship between FCA regulations … Continue reading Understanding VAT Exemption and Regulation in UK Financial Planning
Academy of Life Planning 