@ people need to be very careful. The alternative of an annuity will tend to mean the cash is fully gone on death. Using trusts can mitigate this and paying some IHT for the benefit of passing on to your estate may be better than everything disappearing on death. Good to see you take a fee as opposed to commission- not always the case as you know. Also very little work involved in setting up annuities 👍🏻
Can feel the high commission annuity salesmen lining up 🙈
We dont take any commission - all our work is on invoiced fees
@ people need to be very careful. The alternative of an annuity will tend to mean the cash is fully gone on death. Using trusts can mitigate this and paying some IHT for the benefit of passing on to your estate may be better than everything disappearing on death. Good to see you take a fee as opposed to commission- not always the case as you know. Also very little work involved in setting up annuities 👍🏻
@@dominic8218 - Yes people need to be even more careful to get good experienced advice
If you are taxed on your annuity and then go over the frozen personal allowance , you will be paying twice …?
Hi Charles. Can you please explain what is an "unused annuity" as I was considering buying a joint life annuity with part of my pension pot.
So when you buy an annuity with a guarantee built in for say 10 years and you die in 3 years you have 7 years unused
Thanks. I was considering one of those but if the unused years will now get added to the estate it is less attractive
@@tinheadtinhead6505 get advice trying to this yourself will end up with costly errors
TBH the tories brought rules in 2015 to say pensions are out of IHT, before then they were always part of IHT.
Sorry not the case - This is the first time pension have ever been liable to IHT
Duly noted and of great interest.