Planning ahead helps ensure your wealth is passed on to the people who matter most to you, in the way you intend. With the right advice, you can reduce unnecessary tax, protect your assets, and give your loved ones greater financial security for the future.
At RetireInvest, we take a holistic approach to legacy planning, helping you make informed decisions that reflect your wishes while making the most of available tax allowances and reliefs.
Estate planning is about organising your assets so they can be passed on efficiently, while minimising the impact of Inheritance Tax (IHT).
Done properly, it can help you:
Every situation is different. Whether your priority is supporting your family, protecting vulnerable beneficiaries, or passing wealth down the generations, careful planning can make a significant difference.
We work with you to:
A well-structured Will is the foundation of any estate plan. It ensures your assets are distributed according to your wishes and helps avoid unnecessary delays or complications for your family.
Alongside this, trusts can play an important role in protecting and managing wealth.
Passing wealth between generations keeps it in the family and supports your loved ones’ futures.
Careful planning allows you to support your family during your lifetime, while also reducing the value of your estate for tax purposes.
Ways to pass on wealth effectively
Taking a structured approach can help ensure your wealth benefits your family when it matters most.
Inheritance Tax may apply to your estate depending on its value. Without planning, this can significantly reduce the amount passed on to your beneficiaries.
Effective planning can help:
For more detailed guidance, you can explore our Inheritance Tax planning support.
Pensions can be one of the most tax-efficient ways to pass on wealth, but recent and upcoming changes mean it is more important than ever to plan carefully.
From April 2027, unused pension funds and certain death benefits are expected to be included within an individual’s estate for Inheritance Tax purposes. This represents a significant change to how pensions may be treated as part of estate planning and could affect how wealth is passed on to future generations.
Key considerations
With the right approach, pensions can continue to play an important role in your overall legacy plan. Regular reviews and professional advice can help ensure your arrangements remain aligned with changing legislation and your long-term objectives.
Minimise the impact of tax on your estate
It’s never too early to start planning your legacy.
By combining estate planning strategies – including gifting, trusts, and pension planning — you can:
Do I need estate planning if I already have a Will?
A Will is an essential starting point, but estate planning goes further. It helps ensure your assets are structured efficiently, reducing tax and improving how your wealth is passed on.
How can I reduce Inheritance Tax on my estate?
There are several strategies available, including gifting, using trusts, and making full use of tax allowances. The right approach depends on your personal and financial circumstances.
Can I pass on my pension to my family?
Yes, pensions can often be passed on tax-efficiently, but the rules are complex and are expected to change from April 2027. Proposed changes mean that unused pension funds and certain death benefits may be included within an individual’s estate for Inheritance Tax purposes. Professional advice can help ensure your pension remains aligned with your wider estate planning objectives.
At RetireInvest, we have a wealth of experience in helping clients plan for the future with confidence.
Our advice is designed to reduce tax, protect your assets, and ensure your wishes are carried out exactly as intended.
Ready to start planning your legacy?
Get in touch today to speak with one of our expert advisers.
The guidance and/or information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
RetireInvest Limited is registered in England and Wales. Company Number 09916200. Registered Address 4 Finkin Street, Grantham, Lincolnshire, England, NG31 6QZ.
Tel: 0800 028 4040
RetireInvest Limited is an appointed representative of Quilter Financial Services Limited, who are authorised and regulated by the Financial Conduct Authority.
Quilter Financial Services Limited are entered on the FCA register (https://register.fca.org.uk) under reference 440703 and 440718.
Estate Planning, Trusts, and Tax Planning advice is not regulated by the Financial Conduct Authority.
The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.
The value of investments and the income they produce can fall as well as rise. You may get back less than you invested.
Registered Address 4 Finkin Street, Grantham, Lincolnshire, England, NG31 6QZ.
Approver Quilter Financial Services Limited June 2025
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