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?Email us at: [email protected] UP FOR OUR LIVE Q&Ahttps://www.retirewellpodcast.co.uk/events--CHAPTERS:00:00 - Introduction02:30 - What are the rules?11:36 - How to fix it22:06 - Loan Trust24:33 - Discounted Gift Trust26:04 - Business Relief26:59 - Gifting31:32 - Listeners Question--TALK TO USCall us: 0191 384 1008Email us: [email protected]: www.retirewellpodcast.co.uk--SUBSCRIBE TO OUR NEWSLETTERwww.retirewellpodcast.co.uk---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.

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related