Do I need a financial adviser for pensions, investments & protection?

While you can manage finances independently, a qualified financial adviser helps you make informed decisions, tailor strategies to your goals, and stay updated on regulations and market changes – especially vital for pensions, investments, business protection, and inheritance planning

How can I pass pensions or investments on tax-efficiently?

Most pensions don’t count towards your estate for Inheritance Tax prior to 2027, and if you die before age 75, beneficiaries can inherit pension funds tax-free. Even after 75, inheritances are taxed as income, not estate.

To maintain tax efficiency:

• Confirm your pension trustees have your correct beneficiaries.

• Understand state rules—as of April 2027, pension pots may count towards Inheritance Tax, so planning early is key
  

What should I do after receiving an inheritance?

Don’t rush decisions. First, check for:

• tax liabilities depending on asset type (property, cash, insurance)

• estate debts and outstanding expenses.

  Speak with an accountant, solicitor, and financial adviser. Pause, review your debt and goals, then devise a plan aligned with those priorities .

What is business protection and succession planning?

Business protection (like key person insurance or shareholder agreements) and succession planning prepare a roadmap to ensure smooth transitions and continuity if a crucial figure leaves or passes away.
Services include:

• Tax and estate planning, including trusts

• Insurance coverage
  Early setup is vital to avoid disputes and financial loss

How can I reduce or avoid inheritance tax?

In the UK, IHT is charged at 40% on estates over the £325,000 threshold (plus up to £175,000 residence nil‑rate band). Options to reduce tax include:

• Lifetime gifts (especially if you survive seven years)

• Leaving money via pensions or trust-based policies

• Passing small business or AIM investments that qualify for business relief

What’s the difference between a financial adviser and a financial planner?

A financial adviser typically focuses on recommending specific financial products such as pensions, investments, or insurance. A financial planner, on the other hand, takes a more holistic approach—helping you create a long-term plan for your finances based on your goals, values, and life stages.
If you want product advice only, an adviser may be enough. But if you're looking for strategy, forecasting, and support through life changes, a planner is often the better fit. Many professionals, like myself, are both—offering regulated product advice within a broader planning relationship.