Help to protect your pension benefits for your loved ones

Would you like to protect your pension from tax over the long term and ensure it’s safeguarded in circumstances such as bankruptcy or divorce?

Assuming your answer is yes, you should consider setting up a Trust, specifically designed to receive death benefits from pension schemes.

The NHS Pension and any private pensions you may have is designed to provide an income in retirement. However, it can also provide valuable benefits for your dependants, should you die at work, or before you reach age 75.

This can represent a significant sum of money.

For obvious practical reasons, you may have chosen for such benefits to be paid to your partner. However, the resulting proceeds would then form part of their estate.

On death this could potentially create or increase a liability to Inheritance Tax (IHT) which could result in a loss of up to 40% of assets over the nil band of £325,000.

Other causes may result in 100% of your death benefits going where you would not have wanted them to.

We can offer access to our Asset Preservation Trust, for which there is no charge.

The Asset preservation Trust is specifically designed to avoid some of the most severe and unwanted financial problems that can arise on your death.

This useful tool may not suitable for everyone, so we recommend a thorough review of your individual circumstances.

The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief depends on individual circumstances.

Trusts are not regulated by the Financial Conduct Authority.

Got a question?

If you would like to speak to us about something particular, or wish to find out more about the specialist medical advice services we can offer, please get in touch.