In Episode 12 of the Ask About Wealth podcast, we confront a subject most prefer to avoid: planning for life’s certainties, including the inevitability of death. Paul delves into the often-overlooked complexities surrounding retirement funds, inheritance, and succession planning. Joined once again by Aidan McLoughlin, CEO of ITC and author of Pensions, Revenue, Law and Practice , they explore the critical need for proactive estate and pension planning. This episode unpacks: The tax implications of passing on pension assets. The importance of writing a letter of wishes for pension trustees. Differences in pension treatment for children under and over 21. Real-life examples of unexpected complications in succession planning. Why making a will and revisiting it regularly is vital. Whether you’re a high-income earner managing significant assets or just starting your financial planning journey, this episode is a must-listen. Aidan and Paul provide actionable insights to ensure your assets are distributed according to your wishes and that your loved ones are well-protected. Tune in to learn how thoughtful planning today can prevent challenges tomorrow. 🇮🇪 Helping high earners preserve and grow wealth. 📱 Book a 1-1 consultation 📖 Read the book 🎙️ Listen to the pod ✉️ Join the newsletter https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.
