Pensions will become subject to inheritance tax (IHT) from April 2027, but how much of a role does protection play in your approach to building IHT strategies for your clients? And how confident are you about the protection options that are available to you?
But with IHT receipts expected to almost double, and sweeping changes to business and agricultural property relief already landing from April 2026, paraplanners can expect more and more clients to want to explore all the options.
So at this Assembly, host Richard Allum was joined by Alan Jenkinson, protection specialist at Scottish Widows, to walk through the essentials. During their lunch-hour discussion, Richard and Alan unpack IHT and how it works, run through the key exemptions and reliefs, and explore how protection fits into an IHT planning conversation alongside gifting strategies, trust structures and the normal expenditure out of income rules.
There’s also a really useful section on the underwriting process: what to do when a client has health risk factors, when concurrent applications make sense, and why a declined application isn’t necessarily the end of the road.
If you’re looking for a solid grounding in this area — or a practical refresher before your next client review — this one’s well worth an hour of your time.
