As we step into 2025, now is the perfect time to set your financial plans in order. With many changes on the horizon – like many pension pots becoming subject to inclusion in Inheritance Tax calculations from April 2027 – it’s wise to prepare early.
Think about your pension contributions, estate planning, and putting your life insurance in trust. Small changes now can have a big impact on your Financial Future.
- Pension contributions – How’s your retirement planning coming along?
- Plan ahead for IHT – Tune into gifting rules and allowances
- Update beneficiary forms – Ensure your pensions reflect your latest wishes
- Place life insurance in trust – This move keeps the payout outside of your estate
- Engage your family – Discussing ensures everyone understands the long term strategy
- Think long term – Focus on a stable, long term financial strategy and work with us to navigate complex issues like IHT
Click on the link for our full “Your Window on Money” winter edition, an invaluable read for the start of 2025.
If you have any queries or require any further information to support your personal financial needs, please contact us on 01823 321616 or alternatively email – admin@blackdownfinancial.co.uk.
