TRUSTS

In our final option in our look at passing wealth down the generations, we look at how trusts can be an option. For those who want more control over how their money is spent, establishing a trust can help ensure that any investment is used wisely. There are numerous trusts that can be used to meet individual needs. Read our Guide to Leaving a Tax Efficient Legacy Nov 22 for further information, or contact us and we will be glad to help.

Source data: [1] Research from LV= highlights how millions of people have helped friends and family
financially in the past six months. The LV= Wealth and Wellbeing Monitor – a quarterly survey of
4,000 UK adults – reveals that many people struggling with everyday living costs are turning
to family and friends for support 23/08/22.

A PENSION IS A LONG-TERM INVESTMENT NOT NORMALLY ACCESSIBLE UNTIL AGE 55 (57 FROM APRIL 2028 UNLESS PLAN HAS A PROTECTED PENSION AGE). THE VALUE OF YOUR INVESTMENTS (AND
ANY INCOME FROM THEM) CAN GO DOWN AS WELL AS UP WHICH WOULD HAVE AN IMPACT ON THE LEVEL OF PENSION BENEFITS AVAILABLE. YOUR PENSION INCOME COULD ALSO BE AFFECTED BY THE INTEREST RATES AT THE TIME YOU TAKE YOUR BENEFITS. THE VALUE OF YOUR INVESTMENTS CAN
GO DOWN AS WELL AS UP AND YOU MAY GET BACK LESS THAN YOU INVESTED. THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE TAXATION AND TRUST ADVICE. TRUSTS ARE A HIGHLY COMPLEX AREA OF FINANCIAL PLANNING.