In times of market volatility, having a robust financial plan can serve as a crucial stabilizer. This important topic is the focus of FT Money’s upcoming free online reader event, scheduled for next Wednesday, May 14, at 2pm BST. The event will be available for live viewing and on-demand catch-up, providing valuable insights into financial planning for individuals of all ages.
The event will be hosted by Claer Barrett, the FT’s consumer editor, and will emphasize the intergenerational transfer of money and assets, a topic of growing importance as families navigate complex financial landscapes. The panel will explore the implications for those considering gifting cash and for those who may be the recipients of such gifts.
Recent proposals to include pensions within the scope of inheritance tax have prompted many families to reassess their financial strategies. The expert panel, featuring Sir Steve Webb, a former pensions minister, will delve into how financial advisers are interpreting these potential changes and will discuss possible future tax adjustments affecting both pensions and ISAs.
Matt Conradi, deputy chief executive at event sponsor Netwealth, will provide visual examples of cash flow modeling, demonstrating how retirement and estate planning can be effectively integrated. He will explore the likely tax consequences of various approaches and guide viewers through HM Revenue & Customs’ rules on making gifts from surplus income—a key element of inheritance tax planning that is increasingly utilized for wealth transfer. Conradi will also offer tips on maintaining effective records.
Karen Barrett, founder and chief executive of Unbiased, a platform connecting clients with financial professionals, will share insights into the types of advice families and individuals are seeking. She will explain the diverse solutions available and outline what typical financial plans might entail.
To participate in the webinar, interested individuals can register online. The registration page also offers the opportunity to submit questions for the panel. It is important to note that the question and answer session is intended as a general discussion and not as specific tax or investment advice or recommendations.
This event represents a valuable opportunity for individuals to enhance their understanding of financial planning and prepare for potential market fluctuations. By engaging with the expert panel, attendees can gain insights into strategic planning approaches and learn how to navigate the complexities of inheritance tax and wealth transfer effectively.
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Note: This article is inspired by content from https://www.ft.com/content/b7e2db41-5d4e-47dd-a5cc-bb81af475a30. It has been rephrased for originality. Images are credited to the original source.