The newspapers are full of horror stories about families, and particularly the elderly generation, getting caught out by making decisions with financial consequences that hadn’t been foreseen or understood.  Hotly debated and potentially dramatic changes to pensions, new inheritance tax limits, dubious financial selling and an increasingly long-lived generation at greater risk of dementia, all means the challenge has just become all the more important.

We are putting on a series of talks to help arm you with the information needed to ensure that you not only avoid those shocks, but have the knowledge to do what’s best for your family. They are aimed at those of us who are increasingly getting involved with supporting our ageing parents and elderly relatives, whether that is under the powers of a Lasting Power of Attorney, assisting with Tax Returns or simply as a sounding board.

The first event will look at the changing pension rules, knowing the facts and understanding the impact of the options available.   We will aim to help you answer the key questions:

1. Will my parents’ pension fund last as long as they need it to?  (Current US figures indicate that 40% of pensioners are running out of funds in retirement).
2. What is pension freedom and what are the implications for Inheritance Tax?
3. What can I do?  (There is an expectation that the UK pensions regulator will need to provide guidance regarding representation of the over 75s).

 

It will follow the Autumn Statement that is widely expected to include some significant new changes to the rules.

Anyone else in your family would be welcome to attend too, please just let us know. Space is limited so we will allocate places on a first come, first served basis.  If there is demand we will re-run.

Date:     Thursday 3rd December 2015
Time:    12 – 2:30pm.  (A light lunch will be included)
Venue:  Goodman Jones, 29-30 Fitzroy Square, W1T 6LQ
RSVP:    Angela.Summerfield@goodmanjones.com