Podcasts about Inheritance tax

Enjoying the podcast? Tell us what you think below and give us a review or rating. As always we'd love to hear your suggestions and feedback. Send us an email: podcast@pensionbee.com.   Building a £1 million pension pot may be more achievable than you think. But how much money will that £1 million give you in retirement?  Join our host, Philippa Lamb, and our expert panel as they discuss what it takes to build £1 million in your pension from the monthly contributions needed depending on your age, to the role that compound interest and employer contributions can play.   Financial Expert and Founder of Much More with Less, Faith Archer; Founder of Money to the Masses, Damien Fahy; and VP Personal Finance at PensionBee, Maike Currie.   Episode Breakdown: 01:06 How many pension millionaires are there? 02:55 Monthly payments needed to grow a £1 million pension 04:50 How can parents help their kids to become a millionaire? 08:20 How much retirement income can you take from a £1 million pension? 09:13 The 4% withdrawal rule 09:54 Is £40,000 per year enough in retirement? 11:03 The State Pension 12:22 Inflation and the impact on savings and pensions 13:42 How can you save £1 million? 14:34 Pension tax relief and employer contributions 19:42 Junior pensions and Inheritance Tax 20:48 Workplace pensions and Auto-Enrolment 22:44 How can self-employed people start a pension? 23:38 £4 on a coffee vs. £4 in your pension 27:36 How much can £5,000, £10,000 and £20,000 grow in 40 years? 28:16 The annual allowance on pension contributions   Further reading, listening and watching: Episode 43 transcript (Blog) How to build a £1 million pension pot (Blog) What is the 4% rule for withdrawals in retirement? (Blog) What is the State Pension? (Blog) Employer matched contributions (Blog) What is a SIPP (Self-Invested Personal Pension)? (Blog) Pension contribution limits (Blog) Inheritance Tax guide (Blog) 7 of the best ways of giving money to grandchildren (Blog) What is Auto-Enrolment (Blog) Do you know what pension plan you're in? (Blog) Are high charges eroding the value of your pension? (Blog) Other useful resources: Pension Calculator (PensionBee) Inflation Calculator (PensionBee) Pension Tax Relief Calculator (PensionBee) A simple strategy to help your child become a millionaire (Money to the Masses) Retirement Living Standards (Pensions UK) Claim tax relief on your private pension payments (GOV.UK) How to make your child a millionaire - for just £51,840 (The Times) Compound Interest Calculator (The Calculator Site) The Millionaire Next Door (Dr. Thomas J. Stanley) Warren Buffett (Forbes)  Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow PensionBee (@PensionBee) on TikTok, YouTube, Instagram, LinkedIn, Facebook, X and Threads. Follow Faith Archer (@MuchMoreWithLess) on LinkedIn, Facebook and X. Follow Money to the Masses (@moneytothemasses) on TikTok, YouTube, Instagram, LinkedIn, Facebook, X and Threads.

In this week's Talking Money, Jessica is joined by Inheritance Tax Expert and CEO and Founder of Level, George Williamson, to discuss new research showing that many people are financially dependent on inheritance.

Rory McGowan speaks to Founder of The Level Group George Williamson about new research that sheds light on the UK's relationship with inheritance, and how over 1 in 3 people are financially depended on that money right now. They talk about how family farms and pensions may be hit by the proposed inheritance tax changes presumed to be in the next UK budget and how that'll impact families across the UK, using data to back up what many Brits' response will be to try and protect their family's money, once their older family members pass away.

Become part of the Progressive Property refer-a-friend scheme and earn up to £250 when someone attends one of our events – enrol here: https://www.progressiveproperty.co.uk/raf Today, Kevin is joined by Kevin Whelan, an economist, author and founder of Wealth Builders, one of the UK's leading experts and authorities on SSAS pensions. He is the only Progressive approved partner for all pension matters in the UK. Kevin has helped raise hundreds of millions in private finance including for hundreds of members within the Progressive Property community. Kevin explains how to find new sources of money for your property deals, in particular, using SSAS. If you want to take the next step and put what you have learned from this podcast into action, just click here - https://www.wealthbuilders.co.uk/progressive-podcast KEY TAKEAWAYS SSAS pensions empower individuals and families to take control of their pension pots, actively grow wealth, and plan for future generations. They offer far more flexibility, collaboration, and tax efficiency than traditional public or private pensions. Up to 50% of an SSAS pension pot can be loaned back to your own company for investment (including property). You can also lend to others. Public and private pensions are far more at risk than people realise. You can use a SSAS in 3 ways to minimise the impact of Inheritance Tax. BEST MOMENTS "It´s gone up a million quid in eight years through SaaS." "Check this out - this can be a game changer, not just for your life, but the lives of the next generation." “When you put a number of pots together, you get more buying power, which means you've got more deal-making creativity at your disposal." “I set up a SaaS because I could take back control.” “Your own wealth is protecting itself.” EPISODE RESOURCES Click here to receive the Free SSAS Pension resources from WealthBuilders: https://www.wealthbuilders.co.uk/progressive-podcast Website - https://www.wealthbuilders.co.uk/ Kevin's LinkedIn - https://www.linkedin.com/in/kevinjwhelan/ WealthBuilders Facebook - https://www.facebook.com/WealthbuildersUK WealthBuilders Instagram - https://www.instagram.com/wealthbuilderstogether/ WealthBuilders LinkedIn - https://www.linkedin.com/company/wealthbuilderstogether WealthBuilders YouTube - https://www.youtube.com/@wealthbuildersuk VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk ABOUT THE HOST Sean Fitzpatrick is a property investor, educator, and the Face of Progressive Property. With a 6-figure portfolio and expertise in creative strategies, finance, and off-market deals, Sean shares success stories from the Progressive Property community, expert insights, and real-world strategies to help investors succeed. Tune in for practical tips and no-nonsense advice to accelerate your property journey. ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk TikTok: https://www.tiktok.com/@progressiveproperty YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g Twitter: https://twitter.com/progperty LinkedIn: https://www.linkedin.com/company/progressiveproperty Instagram: https://www.instagram.com/progressiveproperty Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity Facebook Page: https://www.facebook.com/Progperty This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk

There will be no U-turn on the Government's plans for inheritance tax for farmers, according to the Farming Minister. Dame Angela Eagle says planned changes will go ahead in next month's budget, in spite of press reports to the contrary."Too little too late", that's what we're hearing from some farmers who've already ploughed up and planted fields that were being farmed for nature. They say this is because the Government took too long to come up with an extension to their environmental funding.Red Tractor, the UK's largest farm assurance scheme, has had a TV advert banned by the Advertising Standards Authority. The watchdog says the advert exaggerated the environmental credentials of the scheme and misled customers.Presented by Charlotte Smith and produced by Beatrice Fenton.

There will be no U-turn on the government's plans for inheritance tax for farmers, according to the Farming Minister. Dame Angela Eagle says planned changes will go ahead in next month's budget, in spite of press reports to the contrary. We also ask her about the Sustainable Farming Incentive. Some farmers are furious because they say the latest scheme, which has only just opened, comes far too late for those farmers who were looking for a replacement for agreements under a previous agri-environment scheme, the Countryside Stewardship scheme, which ends on 31st December.Several councils in England and Wales are carrying out reviews of their farm estates at the moment, including Powys, Dorset and Cornwall and all week we've been reporting on the issues affecting farms owned by councils. According to the CPRE, the countryside charity, there were 6,700 individual council holdings back in the 1980s, but that number has shrunk by almost two thirds, down to fewer than 2,300 now. Today we hear from a livestock farmer in Cornwall who's concerned about what could happen once Cornwall Council's consultation comes to an end.Nearly a quarter of a million trees have been planted across the Outer Hebrides as part of the ‘Western Isles Croft Woodland Project'. It aims to create a mosaic of small woodlands on under-used crofts.

Government ministers are said to be looking at easing plans to impose inheritance tax on farmers.Civil servants are reportedly looking again at increasing the proposed threshold which would exempt more farming families from the tax.Could the government be working harder to put more British food on British plates? Yes, says Alexia Robinson, the food campaigner behind British Food Fortnight.We take a special look at the fertiliser market and have all the latest commodity prices, in association with the Agriculture & Horticulture Development Board.And a bursary worth more than £27,000 to farm students opens for applications – thanks to the John Innes Foundation.This episode of the Farmers Weekly Podcast is co-hosted by Johann Tasker, Louise Impey and Hugh Broom.Contact or follow Johann (X): @johanntaskerContact or follow Louise (X): @louisearableContact or follow (X): @sondesplacefarmFor Farmers Weekly, visit fwi.co.uk or follow @farmersweeklyTo contact the Farmers Weekly Podcast, email podcast@fwi.co.uk.In the UK, you can also text the word FARM followed by your message to 88 44 0.

Paul A.Overy from Ask About Wealth is a financial planner.  He helps high earners keep and grow their wealth. In today's show, we go through how the average Irish person can grow their wealth. We cover everything from optimising your retirement fund, the secrets the wealth know that the average person doesn't and how to minimise your tax (including inheritance tax) in Ireland. A wonderful episode with the host of one of my favourite podcasts. We recorded this podcast in person in Prymal studio in Dublin, so you can watch the full video on YouTube too.   Links: Today's podcast is sponsored by The Circle. To listen to our premium episode for Circle members, check out the Circle here. https://briankeanefitness.com/online-mastermind   (Website) Ask About Wealth - independent financial guidance for high earners and business owners in Ireland - tax reduction, planning, wealth management and investing, tailored to reduce taxes, grow wealth & protect your your future.   (Youtube)  Ask About Wealth - YouTube   (Facebook) www.facebook.com/askaboutwealth/   (Tiktok) www.tiktok.com/@askaboutwealth   (Instagram) Ask About Wealth (@ask.about.wealth) • Instagram photos and videos (Apple  podcast) Ask About Wealth - Podcast - Apple Podcasts   (Spotify) Ask About Wealth | Podcast on Spotify

In this episode, we tackle the monumental shifts in UK inheritance tax (IHT) rules. Joining us from Royal London's Technical Marketing Team is Justin Corliss, who breaks down the impact of the October 2024 budget announcement on pensions. We'll discuss how unused pension pots and death benefits are set to be included in IHT calculations from April 2027, and what this means for your clients' financial plans. Justin clarifies the new payment process, the surprising exemption for death-in-service benefits, and provides a crucial checklist for financial advisers. Whether you're an expert or a newcomer to this topic, you'll gain valuable insights to navigate these changes and help your clients plan for their legacy. This episode is brought to you in association with Royal London. Pensions & Protection Podcast

Dave O'Brien, Head of Tax for Xeinadin Ireland, President of the Cork Business Association and Barra Roantree, assistant professor of Economics at Trinity College Dublin

83 per cent of people believe the family home should be exempt from inheritance tax. That's according to a new survey from Royal London Ireland So, is it time to change inheritance tax rules? All to discuss with Barra Roantree, Assistant Professor of Economics at Trinity College and Joe Neville, Fine Gael TD, Member of The Budgetary Oversight Committee & Chartered Accountant.

Do you believe inheritance tax should be scrapped? If so, you're in the majority, according to data from a new survey.Research by Royal London Ireland found that 83% of adults in Ireland are in favour of getting rid of inheritance tax when it comes to the family home.Joining Andrea to discuss is the Money Doctor John Lowe, Jean Cashman. Registered Tax Consultant, as well as listeners…

According to a new survey, a majority of people believe that the family home should be exempt from inheritance tax. The survey also found that many are unsure about the inheritance tax thresholds. Joining Pat to discuss further is the Irish Independent's Personal Finance Editor, Charlie Weston.

83 per cent of people believe the family home should be exempt from inheritance tax. That's according to a new survey from Royal London Ireland So, is it time to change inheritance tax rules? All to discuss with Barra Roantree, Assistant Professor of Economics at Trinity College and Joe Neville, Fine Gael TD, Member of The Budgetary Oversight Committee & Chartered Accountant.

Today on the show, if you know anything about inheritance tax, it’s probably that you can give your money away and, as long as you survive 7 years there’s no tax to pay. But do you really understand the 7-year rule for IHT? That’s the focus today. Host Ed Monk is joined by Marianna Hunt to a provide a well-balanced take on the latest financial developments together with expert insights to help you grow your capital, manage your investment portfolio and make the most of the money markets. Popular for its jargon-free approach, clear analysis and fresh perspective, The Personal Investor podcast helps shine a light on the latest market developments for the savvy UK investor.See omnystudio.com/listener for privacy information.

As the Labour Party Conference continues, the Prime Minister says improving profitability is his priority for farming. There's no sign of change on the decision to reimpose Inheritance Tax on farms worth over £1 million.We begin a week focussing on the role of livestock markets in 21st century farming, and ask are they as relevant now as a generation ago?County Armagh, in Northern Ireland, is famous for its Bramley Apples and we visit a grower who says his family has apple in their blood.Presenter: Charlotte Smith Producer: Sarah Swadling

Pensions and inheritance are at the forefront of many people's minds ahead of the Budget. In her last Budget, Rachel Reeves announced she will pull pension pots into the inheritance tax net from April 2027. Meanwhile, there are concerns that pension tax-free lump sums and inheritance tax allowances could fall victim to another raid as the Chancellor tries to balance the books again. On this special episode of the This is Money Podcast, Simon Lambert is joined by Lisa Caplan, director of Charles Stanley Direct Advice and Guidance, a regular guest in our weekly Investing Explained feature. Lisa spends her days helping customers understand how to protect their wealth, make their pension last in retirement, and importantly enjoy their hard-earned money. She discusses with Simon the questions people are asking right now about pensions and inheritance tax - and the answers she gives.

In this episode of WealthTalk, Christian Rodwell is joined by Omar Aswat, Chartered Tax Adviser and founder of ASWATAX, to unpack the urgent changes coming to Business Property Relief (BPR) in April 2026 and what they mean for business owners and property investors. Omar explains how the new BPR limits could expose significant business value to inheritance tax, highlights the practical steps you should be taking now, and delves into strategies like family investment companies, trusts, and smart incorporation. The discussion also covers the impact of Section 24 on landlords, practical tax-saving tips for business owners, and succession planning tools for those looking to future-proof their wealth. Whether you're scaling a business, building a property portfolio, or planning your exit, this episode is packed with actionable insights to help you stay ahead of the curve.Key TakeawaysMajor Change to Business Property Relief (BPR) in 2026From April 6, 2026, BPR will only exempt £1 million of value per trading company/group from inheritance tax (IHT); any value above will be taxed at 20%.Urgent need for business owners to review structures and plan ahead.Who Is Affected?Owners of trading companies/groups with assets above £1 million.Property investment companies already subject to IHT—this rule change doesn't benefit or worsen their position.Mitigation & Planning StrategiesFamily investment companies (FICs)Growth and freezer sharesDiscretionary trustsGifting, sale acceleration, and succession planningCase-by-case: bespoke advice is essentialSection 24 & Incorporation for Property InvestorsSection 24 restricts mortgage interest relief for personally held property; incorporation can offer tax savings but must be weighed against capital gains and stamp duty costs.Comparative calculations are vital before transferring property into a company.Inheritance Tax Allowances Explained£325,000 nil-rate band per person, plus £175,000 residence nil-rate band (if passing main home to direct descendants).Married couples can combine for up to £1 million, but the rules are technical and not inflation-linked.Family Investment Companies (FICs)FICs provide flexibility in dividend planning, control, and succession.Can be set up new or by converting existing companies; often used in combination with trusts for asset protection.Smart Moves for Business OwnersAlphabet shares for flexible dividend planning.Utilise directors' loan accounts, charge rent for company premises owned personally, and salary sacrifice schemes.SSAS pensions remain a powerful, underused tool.Planning for Exit or SaleEarly, proactive planning is essential—some reliefs require shares to be held for 24+ months.Options: third-party sale, management buyout, employee ownership trust (EOT), company purchase of own shares, or new holding company.EOTs: allow sale for 0% CGT if structured correctly, but success depends on a strong management team post-sale.Omar's Experience & PodcastOver a decade in finance, founder of ASWATAX (Leicester & London).Hosts “Talking Tax Podcast,” covering EOTs, IHT, R&D, and more.Contact DetailsWebsite: www.aswatax.co.ukEmail: omar@aswatax.co.uk or taxadvisory@aswatax.co.ukPractical TipsDon't delay—review your business and property structures now ahead of April 2026.Always seek bespoke, specialist advice before making structural tax decisions.Consider both current and future family/succession needs in your planning.Use comparative calculations to assess incorporation or restructuring benefits.Mention WealthBuilders if contacting Omar for tailored support.Resources MentionedJoin the Inheritance Tax Guide WaitlistWT103 - Employee Ownership Trusts w/ Chris BuddWT295 - The Exit Roadmap: How to Sell Your Business for Maximum Value w/ Chris SpratlingConnect with Us:Listen on Spotify, Apple Podcasts, YouTube, and all major platforms.For more inspiring stories and actionable tips, subscribe to Wealth Talk and leave us a review!Next Steps On Your WealthBuilding Journey: Join the WealthBuilders Facebook CommunitySchedule a 1:1 call with one of our teamBecome a member of WealthBuildersIf you have been enjoying listening to WealthTalk - Please Leave Us A Review!If you enjoyed this episode, please rate and review WealthTalk on your favourite podcast platform

As growers rip up autumn cropping plans following another challenging season, we look at ways to get the best for your farm business.A new group of rural Labour MPs says it is backing British food producers – and launches its own action plan for the countryside. Will it make a difference?We look at the fallout after the Rural Payments Agency tries to reclaim Sustainable Farming Incentive funding from farmers.And how a new conference is helping more people carve a career in agriculture.Tickets are available for the AgriFuture Forum in London on Tuesday, 23 September.This episode of the Farmers Weekly Podcast is co-hosted by Johann Tasker, Louise Impey and Hugh Broom.Contact or follow Johann (X): @johanntaskerContact or follow Louise (X): @louisearableContact or follow (X): @sondesplacefarmFor Farmers Weekly, visit fwi.co.uk or follow @farmersweeklyTo contact the Farmers Weekly Podcast, email podcast@fwi.co.uk.In the UK, you can also text the word FARM followed by your message to 88 44 0.

What is the one thing splitting our generation? It shapes our future, divides us from friends and maybe even matters more than a university degree. In this episode, our host Iona Bain is joined by historian and generational expert Dr. Eliza Filby to explore the rise of the “inheritocracy” - a world where the Bank of Mum and Dad increasingly decides who gets ahead. They unpack how family wealth shapes education, housing, childcare, and even relationships, and what this means for millennials and Gen Z. From the great wealth transfer to shifting attitudes around inheritance, Eliza shares insights from her new book and offers practical advice for those who don’t have parental support to fall back on. Whether you have the support of Mum and Dad or not, it’s important to understand the economic differences that it creates along with some guidance on what you can do if you’re not in this position. You can watch episodes on L&G’s YouTube channel And see behind the scenes content on TikTok and Instagram You can play the podcast and find other useful content on L&G’s website: https://www.legalandgeneral.com/podcasts/a-little-bit-richer Follow Dr. Eliza Filby on Instagram. Iona and her guests share their own personal thoughts and opinions in this podcast. These might be different from L&G’s take on things. They give financial guidance for a UK audience that’s relevant at the time of recording. It’s general best practice, not the kind of personalised advice you’d get from a financial adviser.See omnystudio.com/listener for privacy information.

This week marks a major milestone for WealthTalk as Christian Rodwell and Kevin Whelan celebrate the 300th episode of the podcast. The duo reflect on six years and seven months of weekly episodes, share key listener stats, and discuss how WealthBuilders has evolved—and where it's headed next. They highlight the importance of family, recurring income, and legacy, and preview upcoming changes in content and focus, including the impact of new inheritance tax rules and the growing relevance of women in wealth. Listeners are invited to join the conversation, share feedback, and help shape the future of WealthTalk.Key Topics CoveredCelebrating 300 Episodes:Launched in February 2019; over six years of consistent weekly content.Gratitude to loyal listeners, including some who have listened to every episode—twice!Top 3 Most Downloaded Episodes:How to Create a Family Trust Fund (Ep. 122, with Paul Brooks)From Zero to £20,000 a Month – A Property Journey (with Heather Smale)The Seven Pillars of Wealth (Kevin's book and framework)WealthBuilders Philosophy:Wealth is about more than money: it's about family, recurring income, community, and legacy.The importance of holistic and family-oriented financial planning, not just individual advice.Moving away from siloed, percentage-based advice toward fixed, results-driven fees.Looking Ahead:Upcoming focus on inheritance tax changes and their impact on families (April 2027).Plans for a new guide and waitlist for those affected: wealthbuilders.co.uk/iht.Increasing attention to women and wealth, especially in light of the generational wealth transfer.Embracing technological change: AI, digital currencies, and the evolving financial landscape.Community & Feedback:Listeners encouraged to provide feedback, suggest topics, and leave reviews (wealthbuilders.co.uk/reviews).Plans to feature more case studies, topical content, and diverse presenters.Legacy & Future Direction:WealthBuilders aims to help clients create, build, protect, and pass on wealth and wisdom.Focus on family charters, values, and genuine legacy planning for future generations.Practical TipsReview Your Family's Financial Planning:Consider collective strategies for savings and investments to maximise benefits and reduce costs.Plan for Inheritance Tax:Stay informed about upcoming changes and take early action to protect your family's legacy.Get Involved in the Community:Share your feedback, ask questions, and let the WealthBuilders team know what topics matter most to you.Leave a Review:Help WealthTalk reach more people by leaving a quick review on your favourite platform.Links & ResourcesJoin the Inheritance Tax Guide WaitlistLeave a ReviewTop 3 Most Downloaded Episodes:WT122 - How To Create A Family Trust Fund  - SSAS Pensions, what WB are well know for, and also Family directionFrom Zero to £20k/month w/ Heather Smail - interviewing successful entrepreneurs across business, property and investing[Bonus] AudioBook: The 7 Pillars of Wealth, Kevin Whelan - the core IP of WealthBuilders, taught in the Academy which we launched at the same time as the podcast early 2019Seven Pillars of Wealth BookQuotes“Wealth is not just about money—it's about family, recurring income, and legacy.”“There's a lack of wisdom being transferred to the next generation. We want to change that.”“Confused minds are the very fuel for a financial industry that tries to keep people in the dark. We want to bring clarity.”Connect with Us:Listen on Spotify, Apple Podcasts, YouTube, and all major platforms.For more inspiring stories and actionable tips, subscribe to Wealth Talk and leave us a review!Next Steps On Your WealthBuilding Journey: Join the WealthBuilders Facebook CommunitySchedule a 1:1 call with one of our teamBecome a member of WealthBuildersIf you have been enjoying listening to WealthTalk - Please Leave Us A Review!If you enjoyed this episode, please rate and review WealthTalk on your favourite podcast platform

Michelle Murphy, Research and Policy Analyst at Social Justice Ireland and Barry Ward, Fine Gael TD for Dún Laoghaire

Does Ireland's current inheritance tax system discriminate?Joining Kieran to discuss is Karl Deeter, Financial Advisor and Analyst, and Thomas Hubert, Editor with The Currency.

PJ finds out from James Sexton why many people think a change is needed Hosted on Acast. See acast.com/privacy for more information.

Today on Galway Talks with John Morley: 9am-10am  Galway based Tik Toker recants hellish taxi scenario when trying to return to Clonboo from the city at night    EU Commission to push for ratification of Mercosur deal  BioBank Ireland working to create “snapshot” of the health of people of Ireland  10am-11am Major changes to Galway International Oyster & Maritime Festival  Calls to End Discrimination in Inheritance Tax for Childless Citizens   4,000 HGV drivers needed over the next 5 years or Ireland will grind to a halt as early as this Christmas  11am-12pm Financial advice with Dave McCarthy We hear about Trad Fest taking place this weekend   History Talks - Launch of 'A Magdalene Rose' 

This week we have a bunch of questions on the subject of inheritance tax, trusts and estate planning. Fair to say, these stretched us quite a bit and we had some surprises as we researched the answers! Shownotes: https://meaningfulmoney.tv/QA23  01:45  Question 1 Hi Pete & Rodger Love the podcast as it has loads of useful information and you make it very simple (as it can be) and clear. Love how you bounce off each other and make it easy to listen to. My question is - I have a reasonably large SIPP that will if added to my house value push me well over the 1 million level. I see a lot of press articles about how it would be good to start reducing estates that are in this position to mitigate possible IHT. My stance is that I am only 60 married and feel that - 1. It's too early to know what the new rules will look like 2. If I die before 75 and my SIPP goes to my wife she can pull whatever out tax free (currently) and gift some IHT free, as long as she lasts 7 years. 3. If my wife dies first I can do some gifting at that stage to reduce estate / possible house downsize to give large gift again with the 7 year IHT rule. Why do anything at this stage that would incur a tax charge? Your thoughts on this approach would be very much appreciated. Kind regards, Jules 07:08  Question 2 Gents, Outstanding podcast which I have listened to for years from overseas in the Middle East. The thing I like most is your consistent message about simplicity, being intentional and using low cost funds. Every season reinforces financial education and I never tire of listening to you. Thank you. I have a general question that I thought might possibly apply to other listeners regarding income drawdown ie should I use my pension pot or ISA money first? My situation is slightly complicated as my personal allowance will be used up by a DB pension. I will have a DB pension at age 55 (approx £30k) plus I have a DC pension pot plus an ISA. If I would like a retirement income (pre-tax) of say £60K (ie over the current 40% tax rate threshold), what is the most tax efficient way of drawing the income? I'm aware that in future my pension will be liable to IHT so in essence could take a 40% hit on death. Should I take all additional income from my ISA until that runs out or take money from the pension pot up to the 40% tax rate band (approx £50k) and use the ISA thereafter to save me paying 40% tax on any pension pot money? Are there any online calculators that can help as I guess it's partly just maths? Many thanks, Ian 13:48  Question 3 Dear Pete and Roger, My mum passed away over a decade ago and since then my dad has met a new partner. They live together and own their own home, split 60% (my dad), 40% (his partner). He has said a “trust” has been set up so that should one of them die, the other can live it for as long as they want before it is sold and the money passed to their children. With some research, I think he might just mean a “declaration of trust” but I am unsure. I just want to know if there is anything I should be aware in terms of inheritance tax to make sure his (and my mum's) residence nil rate bands are still in place, as I remember you saying on a previous episode of the podcast that if a house is left “in trust”, it would wipe out the residents nil rate bands. The house is valued at approximately £725k and my dad's assets (including his share of the house) would be about £850k. Thanks for sharing all your knowledge, really enjoy the podcast. Steven 21:40  Question 4 Hello Pete & Roger Listening to you both has completely turned my future retirement around!  My trajectory is now very positive as I'm building a decent DC pot to supplement my DB pension several years before I qualify for state pension. That's not just great financial progress, it's the life enhancement of  4 additional  years of  retirement at a time when im most likely able to make the most of it! Complete game changer with some knowledge and commitment to build a better future. Now,  a query on the definition of income from the perspective of the gifts from surplus income exemption from IHT…….. Does regular (quarterly) UFPLS withdrawals count as income for these purposes? I know these gifts need to be from income-they can't be from capital withdrawals. However, when I take regular UFPLS withdrawals, am I taking capital withdrawals? I'm effectively selling down assets to get the UFPLS payments so really don't know if this is income or capital withdrawal for gifting purposes. Keep up the fabulous work. Thanks, Duncan 24:20  Question 5 Hi There Pete and Rodger, Long time listener, first time caller - been listening to and recommending your podcast to friends, family and colleagues for some time now! Keep up the great work! My question relates to Inheritance tax and is a question my mother has been wrestling with for some time. Long story short, my parents emigrated to south Africa from Scotland in the 80's where I was born - sadly my father past away when I was an infant. My mother remarried a South African gent and we all then came back to the England on a business secondment that never ended. My mother and adoptive father then divorced - over 20 years ago now! (Maybe not so short!) My mother has been getting her affairs in order (not due ill health - more my nagging after your fine education via the podcast). She discovered that due to the value of her house and savvy savings she may have an IHT issue. (I've told her to spend the lot!) The question she has been trying to get a straight answer about is whether she would be eligible to transfer the unused portion of my late father's basic threshold to limit her IHT exposure. Not sure this is in your wheelhouse given the complexities of foreign countries, remarriage etc. but hoped you might be able to point us in the right direction. She is hoping to get something in writing which solicitors seem to be reticent to do. Thanks again for the sterling work and look forward to many more episodes in the future! Kind regards, Craig Bell 31:18  Question 6 Hi there, thanks for a great podcast. I am a 67 yr old single woman with no children. I have 2 DB pensions + state pension, on which I live comfortably and can afford holidays etc. I have always been an investor and have £270k in stocks & shares ISAs. My house is worth  £250k. As there are no direct descendants my estate will be liable for IHT under the new rules. Obviously I'd like to avoid that or reduce the amount payable, if possible. I have nieces and nephews who are at that stage of life at which a financial helping hand would be a great benefit, so can I do that without falling foul of the taxman? I do use the £3k gift tax allowance, but (ideally would like to give away £100 k). Is there a tax efficient way of doing that? Thanks for your help. J Harvey

LBC host Lewis Goodall sparks outrage by suggesting a 100% inheritance tax to end wealth inequality. The PBD Podcast debates fairness, estate taxes, government overreach, and why punishing successful families could destroy incentives. Should children inherit or should the state take it all?

Inheritance Tax Debate: The Government or the Family? | Mundo Clip 8-22-25See omnystudio.com/listener for privacy information.

Does Putin have something on Trump? Is Trump deliberately deflecting attention from the Epstein saga? Is Starmer's advisor, Morgan McSweeney, overestimated by the media? And what response has Lewis had to his 100% inheritance tax theory...?This Friday, Lewis and Jon answer your questions. Visit our new website for more analysis and interviews from the team: https://www.thenewsagents.co.uk/The News Agents is brought to you by HSBC UK - https://www.hsbc.co.uk/EXCLUSIVE NordVPN Deal -> https://nordvpn.com/thenewsagents Try it risk-free now with a 30-day money-back guarantee

MPs have told the Government 'ambitious action' is needed to improve bus services in rural England. The Transport Committee suggests rural weighting to give more money to councils in the countryside where it is more expensive to run services, along with a minimum service guarantee so communities can rely on regular buses. The Campaign To Protect Rural England tells us that poor public transport is one factor holding back growth in the rural economy. Our exploration of ways to find markets for less popular cuts of meat takes us to a wildlife park.And an independent analysis of controversial changes to Inheritance Tax on farms worth over a million pounds says that some smaller family farms will be affected, and that the measure could be targeted better.Presenter = Charlotte Smith Producer = Sarah Swadling

A data error means the latest harvest progress report over-estimates yields – and triggers an investigation by the Agriculture and Horticulture Development Board.Why wasn't the report right in the first place?Industry leaders give a mixed reaction to the latest inheritance tax proposals.And one of Britain's biggest livestock auctioneers voices concern at differences in electronic identification systems for cattle between England and Scotland.We also look at the latest drought situation and the impact of the government's refusal to bailout the UK's largest bioethanol plant.This episode of the Farmers Weekly Podcast is co-hosted by Johann Tasker and Hugh Broom.Contact or follow Johann (X): @johanntaskerContact or follow (X): @sondesplacefarmFor Farmers Weekly, visit fwi.co.uk or follow @farmersweeklyTo contact the Farmers Weekly Podcast, email podcast@fwi.co.uk.In the UK, you can also text the word FARM followed by your message to 88 44 0.

James Sexton is spokesperson for End Discrimination in Inheritance Tax for Childless Citizens (EDIT)

Barra Roantree, assistant professor of Economics at Trinity College Dublin

To support the project visit reMooable Energy - Our Cow Molly goes electric - a Environment crowdfunding project in Sheffield by sarah.galligan@ecofit.ukFor more info on Our Cow Molly visit - Our Cow Molly – Farm Shop & Ice Cream ParlourEddie last featured on episode 12 of the podcast! 

In this episode, Tory leader Kemi Badenoch visits an Essex farm – meeting farmers to talk about inheritance tax.We've an exclusive interview.We meet the Yorkshire dairy farmer who is starting a renewable energy company – and powering up the local community.And we take an in-depth look at autumn weed control.This episode of the Farmers Weekly Podcast is co-hosted by Johann Tasker, Louise Impey and Hugh Broom.Contact or follow Johann (X): @johanntaskerContact or follow Louise (X): @louisearableContact or follow (X): @sondesplacefarmFor Farmers Weekly, visit fwi.co.uk or follow @farmersweeklyTo contact the Farmers Weekly Podcast, email podcast@fwi.co.uk.In the UK, you can also text the word FARM followed by your message to 88 44 0.In this episode, Tory leader Kemi Badenoch visits an Essex farm – meeting farmers to talk about inheritance tax.

In this episode, Christian and Kevin revisit the hot topic of the government's proposed inheritance tax (IHT) changes affecting pensions from 2027. Following a surge in listener interest, they clarify what's changed, who's now responsible, and what practical steps listeners must take to protect their wealth and family.Key Discussion Points:Background:The government plans to tax pensions on death, a major shift from past policy.The responsibility for reporting and paying this tax will now fall on personal representatives (executors), not financial services companies.Why This Matters:Most executors are chosen for trust, not financial knowledge.Executors are now legally liable for getting it right – mistakes could mean personal financial penalties.Practical Risks:Many people don't know where all their pensions are or which are taxable.Appointing a professional executor (like a bank) could cost families a significant portion of their inheritance, sometimes unnecessarily.Action Steps:Review your will and your choice of executors.Ensure your executor is financially savvy or has access to professional advice.Consolidate pensions where sensible for simplicity and clarity.Avoid defaulting to professional institutions as executors without understanding the costs.WealthBuilders' Support:WealthBuilders is creating two practical guides:For those making a will (how to choose an executor)For executors (what their new responsibilities entail)Guides will be available soon at wealthbuilders.co.uk/IHT and wealthbuilders.co.uk/executorFinal Advice:Awareness is key: know your assets, your will, and your executor's readiness.Take action now—don't wait until it's too late.Call to Action:Sign up for the forthcoming guides at wealthbuilders.co.uk/IHTReview your will and executor choicesShare this episode with anyone who has a pension and a familyContact WealthBuilders with questions or to book a call via the websiteResources Mentioned:Download our free guide on inheritance tax changes for pensions: wealthbuilders.co.uk/IHT Be the first to access our upcoming Guide for Executors — register your interest here: wealthbuilders.co.uk/executorCatch up on WealthTalks episode on IHT changes: How to Protect Your Pension from Inheritance Tax Changes Coming in 2027Connect with Us:Listen on Spotify, Apple Podcasts, YouTube, and all major platforms.For more inspiring stories and actionable tips, subscribe to Wealth Talk and leave us a review!Next Steps On Your WealthBuilding Journey: Join the WealthBuilders Facebook CommunitySchedule a 1:1 call with one of our teamBecome a member of WealthBuildersIf you have been enjoying listening to WealthTalk - Please Leave Us A Review!If you enjoyed this episode, please rate and review WealthTalk on your favourite podcast platform

In this episode, Ben Eagle is joined by David Exwood, Deputy President of the National Farmers' Union (NFU), who farms over 1,200 tenanted hectares just south of Horsham in West Sussex. David shares insights from his multi-enterprise farming business—featuring arable, beef, sheep, and a farm shop—as well as his leadership journey within the NFU.They discuss:David's farming background and philosophyHis leadership style and priorities at the NFUThe challenges facing UK agriculture, including ELMS, inheritance tax changes etcThe role of politics in shaping farming's futureOpportunities for younger farmers and the role of innovationWith candid reflections on decision-making, long-term motivation, and what he'd change with a magic wand, this episode offers a deep dive into the person behind the leadership role and the direction of British farming today.Final thoughts include messages for both the public and farmers.Photo credit: Lawrence Looi / NFU.

Farmers are having to cope with too much water, or too little, more and more often due to the effects of climate change. This week Charlotte Smith explores how farmers can strike a balance on their land, with competing pressures for water including crops, homes, and wildlife. And, campaigners against Government plans to reintroduce Inheritance Tax on farms worth over £1 million found an unlikely ally in President Trump this week. But with the Government showing no sign of changing course, how feasible is a backbench rebellion on which farm lobby groups are now pinning their hopes?Presenter: Charlotte Smith Producer: Sarah Swadling

In this episode, Donald Trump leaves UK prime minister Keir Starmer in stony silence as he explains why American farmers don't pay inheritance tax.But would British farmers really be better off if President Trump was in charge of UK agriculture?Is it time to get an electric farm pickup – we look at the latest fully electric truck as it goes on sale in the UK.Jeremy Clarkson's farm goes down with bovine tuberculosis – and a Scottish beef producer leaves almost half a million pounds to a farming charity.This episode of the Farmers Weekly Podcast is co-hosted by Johann Tasker, Louise Impey and Hugh Broom.Contact or follow Johann (X): @johanntaskerContact or follow Louise (X): @louisearableContact or follow (X): @sondesplacefarmFor Farmers Weekly, visit fwi.co.uk or follow @farmersweeklyTo contact the Farmers Weekly Podcast, email podcast@fwi.co.uk.In the UK, you can also text the word FARM followed by your message to 88 44 0.

The National Farmers Union says the fight over inheritance tax on farms is not over, despite the publication of draft legislation which shows that the government isn't backing down. Campaigners against the re-impostion of the tax, which will be levied at 20 per cent on assets over a million pounds from April next year had hoped that the government would, at least, change aspects of the policy. The Government argues that its a fair tax which the majority of farm businesses either won't be liable for, or can plan for. A record breaking wet winter has been followed by a record breaking dry spring and early summer in many parts of the UK - with three heatwaves thrown in for good measure. So managing water has become a huge challenge for farmers, which we're exploring all this week on the programme. And, traditional Eel fishermen on Lough Neagh in Northern Ireland have said they're cancelling their season, and one of the factors they blame is water pollution. It comes as the Northern Ireland Executive has proposed more stringent measures to reduce run off from farms, which are strongly opposed by the Ulster Farmers Union.Presenter: Charlotte Smith Producer: Sarah Swadling

Clare's childless citizens are being discriminated against by Legislation they're not even aware of. That's the views of End Discrimination in Inheritance Tax for Childless Citizens spokesperson James Sexton. James joined Alan to tell us how childless citizens in Clare are being discriminated against because of our current Inheritance Tax Legislation. Pic (c) JADE ThaiCatwalk from Jade ThaiCatwalk's Images via Canva

In this week's WealthTalk episode, Christian and Kevin dive deep into the major changes coming to inheritance tax on pensions from April 2027. They explain how these changes impact UK pension holders, why awareness and action are critical, and practical steps to protect your legacy. The discussion covers the basics of inheritance tax, the new rules for pensions, the benefits of consolidating pensions, and how SSAS pensions can offer unique advantages for business owners and families. The episode is packed with actionable advice, real-life scenarios, and essential tips to help listeners safeguard their wealth for future generations. Key Takeaways:1. What's Changing: From April 2027, pension assets will be included in your estate for inheritance tax purposes, potentially increasing tax bills for families.2. How Inheritance Tax Works: Understanding nil rate bands, residence nil rate bands, and how thresholds apply to individuals and couples.3. Why Consolidate Pensions: Multiple pensions can mean multiple fees and administrative headaches—consolidation can simplify estate planning and reduce costs.4. SSAS Pensions: How Small Self-Administered Schemes can offer flexibility, family involvement, and strategies to mitigate inheritance tax.5. Gifting Strategies: The difference between gifting from capital (subject to seven-year rule) and gifting from income (no seven-year rule).6. The Role of Wills & Trusts: Why pensions usually sit outside your will, and the importance of using trusts for life insurance and asset protection. Action Steps:Check your state pension status.Locate and consolidate your pensions.Learn about SSAS and its benefits for business owners.Review your estate planning, including wills, trusts, and powers of attorney. Building a Family Wealth Legacy: Involving the next generation, sharing financial wisdom, and using family wealth structures to maintain and grow assets. Practical Tips:1. Don't wait until 2027—start reviewing and organising your pensions now.2. Put life insurance policies in trust to avoid unnecessary inheritance tax.3. Use SSAS pension features like loanback and earmarking to support family wealth and business growth.4. Download the Guide - Click here to join the waitlist for the upcoming step-by-step guide on inheritance tax and pensions.  Resources mentioned in this episodeDownload the Guide: Click here to join the waitlist for the upcoming step-by-step guide on inheritance tax and pensions.Connect with WealthBuildersListen on Spotify, Apple Podcasts, YouTube, and all major platforms.For more inspiring stories and actionable tips, subscribe to Wealth Talk and leave us a review!Next Steps On Your WealthBuilding Journey: Join the WealthBuilders Facebook CommunitySchedule a 1:1 call with one of our teamBecome a member of WealthBuildersIf you have been enjoying listening to WealthTalk - Please Leave Us A Review!If you enjoyed this episode, please rate and review WealthTalk on your favourite podcast platform

A Limerick couple is calling for change to the current inheritance tax rules, calling it discriminatory and inequitable. James Sexton and his wife Sheila got married in their forties. With no children, they discovered that there are significant legal and financial disadvantages that they face when trying to plan the future of their estate. Ivan spoke to James James this morning.

A new study published by the Centre for Ecology and Hydrology shows that nature-friendly farming is not currently as profitable as intensive food production. Its authors say the report is the first of its kind and shows that agroecology improves biodiversity and can boost crop yields. However, the cost of creating habitats and the loss of some productive land, they say, means lower profits. Dr Ben Woodcock led the four year study which studied 17 farms.More big food companies are paying producers who farm regeneratively a premium, encouraging them to improve soil health, increase on-farm biodiversity and reduce their carbon footprint. Nestle is working with the farmers' cooperative First Milk to collect data from 80 UK farmers who supply them with milk and are being paid a premium to farm regeneratively. We visit one of their dairy farmers in Cumbria.One of the farmers seeking a judicial review of the treasury's decision to impose inheritance tax on farm businesses says the government failed to consult properly on changes to the tax. Tom Martin from Cambridgeshire tells us why he's taking part in the legal action.Presenter = Anna Hill Producer = Rebecca Rooney

This week we are looking at the phenomenon of the D4 farmer. Not some wealthy entrepreneur herding cattle in Ballsbridge but wealthy individuals buying up farmland around the country as a wheeze to reduce the inheritance tax bills for their children.How does the tax break work? What impact will it have on land prices? And is anything being done to change it?Fiona Reddan of the Irish Times wrote a brilliant article on this last week and she joins host Ciarán Hancock in studio, along with Marty Murphy, who is head of tax at IFAC Ireland, one of the country's biggest accounting firms with a large number of farmers on its books.Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.

James and Sheila Sexton say they are not able to pass tax-free the same amount of their fully taxed assets to their loved ones as that afforded to couples with children. James spoke to Jerry.

We've managed to cobble together another themed Q&A episode, this week dealing with questions around Inheritance Tax, Trusts and Care planning. Lots for Roger and Pete to get stuck into! Shownotes: https://meaningfulmoney.tv/QA18  00:48  Question 1 Hi Pete, Hi Rog, Thanks for your ongoing work on the Podcast, I've been listening for many years and have learned a great deal from you both. Keep up the good work! My question is in relation to trusts. My parents, both aged 70, have recently got round to updating their wills, putting POA in place for finance and health and have been in discussion with a solicitor about putting a trust in place, primarily to safeguard their assets from being used up in the event of them having to go into care in later life. At present I believe their estate to be approximately £600,000 including their house which I would imagine is worth approximately £250,000. The rest is made up of savings. I don't believe their estate would be subject to inheritance tax so I don't believe this is the reason for setting up a trust. I have listened back to your previous episodes on trusts but I was wondering, firstly whether much has changed since these podcasts in relation to the general setting up and management of a trust? Secondly I wondered if you could explain the negatives to my parents putting the majority of their assets into trust, namely are there any ongoing fees, can my parents take assets out of the trust should they need to and what are the tax implications for the beneficiaries when my parents pass away? Would any of these things change in the period where only one of them has passed away? I appreciate this is a huge topic and you may not be able to address all of these queries but it appears they have been advised of the positive parts of this process but I would like to ensure we are aware of the potential pitfalls. Thanks once again! Jon 11:10  Question 2 Hi Pete and Roger, Still loving the show and I'm enjoying the current variation in format - keep up the fantastic work! My question relates to estate planning: My wife and I own our home (mortgage free) 50/50 as tenants in common. We have up-to-date wills, LPAs, expressions of wishes and "Dead Files" set up. Each half of the house will be left to our daughter as and when, with the appropriate "right to reside" wording in place for the remaining partner. We are both in our late fifties, so hopefully not needed for many years yet. The IHT side is fine as it's just numbers - allowances and values etc. What I can't quite get my head around is any potential CGT liability for our daughter following the second death. Not so much for the financial impact, as she is already comfortable in her own right (with my and - via the podcast - your encouragement over the years) and will inherit further monies when we pass, but more from a planning perspective. I have looked online and disappeared down several rabbit holes, but from what I can gather although she inherits half the house on the first death, essentially because the surviving partner continues to live in it and therefore any actual money can't be realised, CGT is only calculated from the date of the second death (assuming she sells the house at that point). Is this correct, or will her CGT liability on half of the value start on the first death and be based on (half of) the house valuation at that time, as obtained for that probate? Maybe I'm taking the planning a little too far, but I like to be prepared. These circumstances will be more and more relevant to families over time, I'm sure. Your usual wisdom and common-sense views would be very much appreciated (even if the answer is "...it depends!"). Thank you again for the information and humour the two of you provide each week - long may you continue! Best wishes, Glen 16:11  Question 3 Hi guys Thank you both for a great podcast, big shout-out to Rog because he gets missed off sometimes in these testimonials – genuinely wish I had found this podcast years ago. Have made so many past mistakes but now correcting them one by one! I have a question about care costs which I hope you could answer. My mum is suffering from late stage dementia and my dad who is her 24/7 carer is struggling to cope (they are both 80yo). I have PoA for my mum and am trying to involve myself more in her care plan going forwards. Care (in the home initially) is going to be required and I was wondering how this is paid for. My parents worked hard and have reasonably large savings and investments in both their individual names and in joint names and the extent of these means they would have to pay for care. What we are not clear on is whether money or investments in my mum's name would ONLY be used to pay for her care or whether jointly held money or investments would be used or whether anything in my father's name would also be used to pay for care? I've tried to find the answer to this online but cannot find a clear answer so remain confused! Also are there things that we should be doing to manage this better – end of life planning, trusts etc etc? My dad worked incredibly hard to provide something to his grandchildren and he is actively putting off getting help and harming himself for fear that he won't be able to pass something down to his grandchildren – this is incredibly sad and feels cruel. Any advice that you could give would be much appreciated. Keep up the great work David R 23:30  Question 4 Hello Pete & Roger, Firstly I want to say thank you so much for all the work you do to teach all us mere mortals how to navigate the world of personal finance. I have a question: Everyone talks about merging finances with a partner and then having children. I am in my mid 40s and my children are early 20s. I have a partner and I hope to move in with him one day (he has no children) I might move in with one of mine. How do I protect what I currently have and ensure that goes to my boys? He has considerably more than I do and I don't expect him to support or pass anything on to my boys. I understand I don't want to do a mirror will but would I do a “prenup”? We aren't getting married. Is there a cut off point “moving in day” where everything after that is split 50/50 with the new partners? Or am I over thinking this? I have been through one divorce and don't want to again but I do want to protect what is mine for the sake of my boys. Any advice would be very welcome. Thank you and keep up the AMAZING work. Kind regards, Carla. 28:56  Question 5 Hi Pete, Roger, Nick, Ruth and everyone else in your fantastic team. I have a few questions around a niche scenario that I can't find answers to online. I'm hoping you can point me in the right direction. My parents-in-law were convinced to transfer their home into an asset protection trust in the past before I met them (more than 10 years ago, as I think that's relevant). They were told it would help avoid having to pay care costs. They now know this was never going to be suitable for them, and are looking to mitigate the damage. I suspect the names McLures Solicitors, Jones Whyte, Andrey Robertson and Cynthia Duff might be depressingly familiar to you. The ownership of the house was changed to tenants in common, and each of them transferred their half of the house to a separate trust. So there was the Mr M trust and the Mrs M trust. The trusts were set up such that Mr M and 2 financial advisers were the trustees of the Mr M trust; Mrs M and the 2 financial advisers were the trustees of the Mrs M trust. The trust deed gave the settlors the right to add or remove trustees during their lives. When I started to look at this, I felt there were 3 stages to resolve this: 1. Change the trustees to a more sensible arrangement. 2. Update the land registry with the correct trustees. 3. Decide whether to end the trusts. I knew the first 2 steps were going to need a solicitor, who my parents-in-law found. However, the first 2 stages have now been resolved. So, they're now looking at the final stage - deciding whether to end the trusts. It's clear their current solicitor isn't going to be right for them for this part. I think the disadvantages to leaving the trusts in place are: - If either of them need care in the future, I don't think the trusts will make any difference in the local authority's means assessment. - The property is likely unmortgageable if they should need any kind of equity release in the future, for example to pay for care. - Neither trust has been registered with HMRC due to the original solicitors ceasing trading. There might therefore be a tax charge/penalty charge, and an obligation to file periodic tax returns for the trusts. Their preference is to wind up the trusts, but are there any pros to leaving them in place? And are there any cons I haven't thought of already? Knowing that "should" is a dirty word in financial advice, I'm trying to find out whether ending the trusts might have any drawbacks or tax liability. My understanding is that they each transferred their share of the property to the trust when the house was valued at £X. If the trusts are ended, they'll receive the property back at a value of £Y. My questions are: - Is there any tax liability, based on the difference in property value between £X and £Y? - Could they be entitled to any tax reliefs based on their circumstances? - Are there any other drawbacks you can think of that we might not have considered? I know you can only give general information and guidance, but I couldn't work out an answer to this myself. I couldn't even work out which type of professional they should speak to - a solicitor, accountant or financial adviser. I'd be really grateful if you could point us in the direction to get some personalised help. Many thanks, Mathew 33:55  Question 6 Hi Pete, Roger, As a long-time listener and viewer of your channel, I appreciate your insights on keeping costs low, investing in global funds, ensuring tax efficiency, and the benefits of long-term investing. My wife and I have recently become a grand-aunt and grand-uncle. Rather than giving the usual presents, we'd like to do something more practical by investing regularly (£100/month) for our grandniece—after all, there's no better time to start long-term investing than from birth. Likewise, we're comfortable investing 100% in equities, given the long time horizon. On the surface, I suspect you'd recommend a Junior SIPP or a Junior ISA. However, the challenge is that she (and her parents) are French citizens, living in France and paying taxes there. While I appreciate that you focus on UK matters, are you able to provide any pointers on how we could invest in a low-cost global fund for her under these circumstances? Many thanks for your time and any guidance you can offer. John

In this interview, Kevin Whelan and Manish Kataria delve into the intricacies of SSAS pension, exploring how it can serve as a powerful financial tool for business owners. They discuss the importance of taking action in financial planning, the benefits of collaboration in wealth building, and the implications of inheritance tax on financial strategies. The conversation emphasises the need for financial education and the potential of SSAS pensions to create wealth now, rather than just serving as a retirement fund. In this episode, Kevin speaks about the importance of recurring income, effective financial planning, and the significance of protecting wealth through wills and insurance.  Key Takeaways:Momentum is Better than Meditation: Don't wait for the perfect time—take small actions now to build confidence and results.Nobody Will Ever Care About Your Money More Than You: Taking personal responsibility is at the heart of successful wealth-building.SSAS Pensions Offer Unique Control and Flexibility: Ideal for business owners looking to invest in property, business, or even lend to their own company.Keep It Simple: Simplicity in your finances and investment strategy often leads to better results than chasing complexity.Plan for Both Wealth Creation and Protection: Wills, powers of attorney, and insurance are essential tools for safeguarding your family's future.Focus on Recurring Income: Building assets that pay you every month is the key to long-term financial independence. Resources Mentioned In This Episode:Manish Kataria (LinkedIn)Government Pension Tracing Service (for lost pensions)Connect with WealthBuildersListen on Spotify, Apple Podcasts, YouTube, and all major platforms.For more inspiring stories and actionable tips, subscribe to Wealth Talk and leave us a review!Next Steps On Your WealthBuilding Journey: Join the WealthBuilders Facebook CommunitySchedule a 1:1 call with one of our teamBecome a member of WealthBuildersIf you have been enjoying listening to WealthTalk - Please Leave Us A Review!If you enjoyed this episode, please rate and review WealthTalk on your favourite podcast platform.

The first member of Donald Trump's cabinet to visit the UK is Brooke Rollins, his Agriculture Secretary. Secretary Rollins told journalists the 'historic' trade deal would create billions of dollars in opportunity for U.S. export markets and more choice for British consumers. She also described their notorious 'chlorinated chicken' as a myth. Is it? We look for some clarity. MPs have written to the Government calling for a year's delay to the inheritance tax changes on farms. It's agricultural show season. This week we visit the Balmoral Show in Northern Ireland.Presented by Caz Graham and produced by Beatrice Fenton.

US/UK TAX PLANNING with ALEX JONES, Partner at London Tax Firm, RAWLINSON-HUNTER https://youtu.be/UjgQRpfqJ-E Thousands of Americans live and work in the UK and record numbers of them are applying for British citizenship. Planning for taxes for these folks has always been challenging, but in 2024, with the change in the non-DOM rules, it's gotten even more difficult. To help us understand what's happening here and to try to identify some of these issues is ALEX JONES. He's a partner at Rawlinson Hunter, the British tax firm. Enjoy. Outline 00:00 Understanding UK Tax Law Changes for US Citizens07:00 Navigating Residency and Tax Implications11:49 Planning for Inheritance Tax and Trusts19:51 Pre-Immigration Tax Planning Strategies30:03 Managing Double Taxation and Tax Credits https://open.spotify.com/episode/4Hmqaalhjk3NklfMCWNd4X?si=8e45eac2d2f247cc Transcript of US/UK Tax Planning Frazer Rice (00:04) Well, we have certainly had a lot of news with British tax law changing. And for those of us here in America who may or may not be part of getting to Europe in a major way and in the UK in a more permanent way, maybe give us a little overview of ⁓ A, what happened, but more specifically, how the UK thinks of US citizens, which can take different forms. Alex Jones (00:31) Let's start with the back end of that question, how we regard Americans. So from a tax point of view, clearly what we're really saying is how do we regard Americans who are exposed to UK taxes? And typically that means Americans who are here. Like most countries in the world, the UK will tax people on UK sources of income. If somebody has a trade or business operating in the United Kingdom, we're going to try and tax it whether they are here or not. But if the US individuals physically in the United Kingdom, then the UK is going to try and tax them in a number of different ways, which I'll talk about in a second. The pause is really just to emphasize the fact that they're American. So a US citizen or US green card holder is going to be US worldwide taxable, whether they live in America or not. So America is going to look at everything everywhere in an American way in dollars in a calendar year. And at exactly the same moment in time, albeit in the UK we have a different tax year end. Our year end is a rather crazy 5th of April year end. Exactly the same amount of time the UK is going to look at exactly that same person and say, hey, what are we going to tax? And so you're starting with the premise that both countries are fighting over who gets the tax first. And the first thing you have to do is look at the two sets of domestic legislation to see how to start, where the problems are, and then you start looking beyond that. In principle, the UK is going to tax people who are resident in the UK on worldwide income. So anything everywhere under UK rules, UK fiscal year, in sterling, et cetera, et cetera. And somebody who's not resident in the UK on UK-CITUS connected income only. However, the UK has long had a regime which has been known as the domicile regime or the remittance basis regime, which has been pretty well known internationally where we said, Look, if you don't originate from here, if you're a foreigner coming in for a period of time, could be indefinite, could be reasonably long, but not permanently, then we won't necessarily tax all things which are non-UK. We would tax things that you brought into the UK, remitted, but we wouldn't necessarily tax non-UK things that you didn't otherwise bring or use or benefit from in the United Kingdom. So the thing that changed in the budget that was announced at the end of October 2024 that largely came into force on the 6th of April 2025 is that we said, hey, this domicile regime, this remittance basis regime is kind of too beneficial to wealthy individuals. You have neighbors who are paying differential amounts of tax just because one person's kind of fore...