Death, Taxes, Pensions & Inheritance

In Episode 12 of the Ask About Wealth podcast, we confront a subject most prefer to avoid: planning for life’s certainties, including the inevitability of death.

Paul delves into the often-overlooked complexities surrounding retirement funds, inheritance, and succession planning. Joined once again by Aidan McLoughlin, CEO of ITC and author of Pensions, Revenue, Law and Practice, they explore the critical need for proactive estate and pension planning.

This episode unpacks:

• The tax implications of passing on pension assets.
• The importance of writing a letter of wishes for pension trustees.
• Differences in pension treatment for children under and over 21.
• Real-life examples of unexpected complications in succession planning.
• Why making a will and revisiting it regularly is vital.

Whether you’re a high-income earner managing significant assets or just starting your financial planning journey, this episode is a must-listen. Aidan and Paul provide actionable insights to ensure your assets are distributed according to your wishes and that your loved ones are well-protected.

Tune in to learn how thoughtful planning today can prevent challenges tomorrow.

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