| There is still time to prepare before the 2027 changes | Estate planning strategies should reflect your personal circumstances | Early action provides more flexibility and potential options |
With the changes coming into place from 6 April 2027, now is a good time to examine your options. You may need to reassess your estate planning strategy and rebalance your pension and other assets. We can help you decide on the right way forward for you and your loved ones.
Possible options that some individuals may consider include taking income from their pension pots, making gifts to family members such as children or grandchildren, or taking out life insurance to cover the potential IHT bill. These options will not be suitable for everyone.
However, gifting is not necessarily the right choice for everyone. It is also important to ensure that you have enough money to maintain your lifestyle in retirement.
Choosing the right strategy will depend on your own personal circumstances. We can help you decide what to do.
There’s still plenty of time to act but planning now will mean any alterations to your estate planning strategy are in place well before 6 April 2027.
The sooner you start, the more time you will have to make the right choices for you and your loved ones.
Talk it through…
Wondering what to do next? Get in touch, we can help you with your strategy and support you with the right course of action for you and your family.
Gifting and trust strategies can have tax implications and may not be suitable for everyone. The value of investments can go down as well as up and you may not get back the full amount you invested. The past is not a guide to future performance and past performance may not necessarily be repeated. The Financial Conduct Authority does not regulate Will writing, tax and trust advice and certain forms of estate planning