Forth Financial Planning

Leaving your estate planning too late could be a multi-thousand-pound mistake for your family.

A recent report by the Cebr shows that delayed planning is on track to cost UK families a staggering £12.3 billion in preventable inheritance tax. With frozen allowances and the sweeping rule changes that hit this April that may include your pension, it's increasingly catching out everyday families.

The research highlights a massive "timing gap": families who start planning around age 50 pass on an average of £397,000 more to their loved ones than those who wait until age 70.

Balancing your own financial independence in retirement while minimising a future tax bill for your children is a delicate act. As a local financial planner, I specialise in helping families navigate these new boundaries safely.

My doors are open and I'm actively taking on new clients. If you have questions about the new rules or lifetime gifting, drop me a DM and let's talk.

What do you think? Is it better to gift an inheritance early so you can see your family enjoy it, or let wealth pass naturally later in life? Let me know in the comments.

Late estate planning could cost affluent UK families £12.3bn in preventable IHT, research finds | Today's Wills and Probate Delays in estate planning could cost families in the top decile of UK wealth an estimated £12.3 billion in preventable inheritance tax (IHT) when unused pensions enter the regime next year, according to a new report. The research, commissioned by Octopus Investments, reveals the scale of the inheri...

Retirement planning often slips down the list.

Life is full and the future can feel far away.
Starting early can help but it's never too late to get engaged. What matters is understanding where you are now and what options are available.

Even small adjustments could make a difference over time.

If you’d like to explore your position and what might help you move forward, I’m here to talk.