PENSIONS

Through a carefully structured approach that combines three proven, HMRC compliant planning tools each already widely used, it is entirely possible to safeguard your pension and maximise the value passed on to your loved ones.

This planning makes strategic use of specialist trusts designed to mitigate the tax usually applied by HMRC on pension withdrawals and upon death. The outcome? Your beneficiaries can receive a significant lump sum entirely free of tax, rather than inheriting a pension fund subject to further taxation.

Importantly, this structure allows both you and your spouse to continue drawing benefits from the pension during your lifetimes.  If income from the pension isn’t required, the unused funds can be redirected further increasing the tax-free inheritance for your beneficiaries.