The golden years: Tax planning for clients approaching retirement

Overview The youngest “baby-boomers” are now 60 years old, and with the majority of UK wealth in their hands, what happens next is crucial. This presents a huge opportunity for advisers to provide sound advice, both now, and for when this wealth changes hands. Retirement today can take many forms. With previous retirees having a more simple structure compared to that of todays plethora of available retirement instruments, financial advisers have their work cut out to navigate the world of retirement advice in the UK. In this webinar, we will touch on the ever-shifting goal posts in retirement planning – from state pension age and lifetime allowance, to the tools and products that can pave the way for smooth sailing for clients in their Golden Years. The learning objectives for this webinar Understand the many meanings of retirement in today’s age. Understand how to create appropriate income strategies that consider an all-asset approach. Understand how to apply decumulation ‘best practice’ principles to minimise tax leakage on drawdown. Understand the legislative context in relation to taking income and cash from pensions and transferring the value of pensions.