74: Pensions are Changing - What the New Inheritance Tax Rules Mean For You
Retire Well with Wealth of AdviceShow Notes
Pensions have long been one of the most tax-efficient ways to pass on wealth—but major rule changes coming in 2027 are set to shake that up.
In this episode, Matthew and Joe break down how pensions currently fit into estate planning, what’s changing, and why it could significantly impact how (and when) you use your retirement savings.
From the “first in, last out” strategy to the risk of double taxation, they explore the real implications for your long-term financial plan.
They also discuss practical strategies to navigate the changes, including spending, gifting, trusts, insurance, and planning across generations—helping you balance retirement income with leaving a legacy.
Whether you’re approaching retirement or already there, this episode will help you understand what’s coming—and how to plan with confidence.
📩 Got questions or want help with your own retirement plan?
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CHAPTERS:
00:00 - Introduction 02:30 - What are the rules? 11:36 - How to fix it 22:06 - Loan Trust 24:33 - Discounted Gift Trust 26:04 - Business Relief 26:59 - Gifting 31:32 - Listeners Question
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Wealth of Advice are authorised and regulated by the Financial Conduct Authority, reference number 563909. Past performance is no guide to future returns. Your investments can go down as well as up, so you may get back less than you originally invested. This video is for educational purposes only and is not personal financial advice.
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