
Trusts used to be the kind of thing you’d come across every now and again. Something to dust off the knowledge for, handle carefully, then put back on the shelf.
That’s changing. With pension IHT changes on the horizon, trust planning is becoming a regular fixture on paraplanners’ desks and the paraplanners best placed to support their clients will be the ones who can approach it with genuine confidence, not just familiarity.
This Assembly is designed to help you get there.
Join us online for a practical Assembly that takes you from the foundations right through to real-world trust planning decisions.
We’ve invited Shaun Moore, Tax and Financial Planning Expert at Quilter, to join host Richard Allum for this Assembly. Together they’ll work through the essentials and the less obvious bits that every paraplanner working with trusts needs to have at their fingertips.
During this lunch-hour Assembly we expect to:
- understand why trust planning has moved from the occasional to the everyday, and why the pension IHT changes expected from April 2027 are likely to accelerate that further
- get to grips with the types of trust you’re most likely to encounter (loan trusts, discounted gift trusts and reversionary interest trusts) and how to tell them apart when different providers call them different things
- use the three circles of access, flexibility and tax efficiency as a practical framework for matching the right trust to the right client
- explore the common mistakes and questions that come up again and again
- understand the ongoing practical obligations that come with trusts, from the Trust Registration Service to trustee bank accounts, and when a professional trustee makes sense
What can you expect to take away?
You’ll leave with a clearer, more confident grasp of trust planning, not just the theory, but the practical judgement to apply it. Whether you’re doing in-depth trust research or writing up recommendations that involve one, this session gives you a framework and a reference point you can keep coming back to.
Save your spot.
Think about the last time you worked on a financial plan for a family with a child or adult with special educational needs or a disability (SEND). How confident were you that the plan truly reflected what that family needs, not just now, but for the long term?
As paraplanners, we’re in a position to make a real difference but only if we understand what good planning for these families actually looks like.
So in this Assembly first-time host Peter Spence from Fintuity was joined by Ali Fanshawe and Rhiannon Gogh, co-founders of SENDA who are specialists who work with financial and legal advisers to deliver safer, smarter planning for SEND families.
All three participants have children with SEND needs.
What the Assembly covers
Together, Peter, Ali and Rhiannon talked about what special needs planning really involves, where traditional advice tends to fall short, and what paraplanners can do to fill that gap.
The conversation covers:
- how many families are affected in the UK and what the financial planning picture looks like for them on a personal level
- an exploration of the consequences of getting financial planning wrong for families with SEND needs
- the key problems that can crop up during a financial planning process compared to a regular advice process
- the training and support that’s available if you want to develop your knowledge
What can you expect to take away?
By tuning into this Assembly, you’ll get a clearer sense of where special needs planning is different and what to start thinking about when planning for SEND needs. It’s an introduction to the subject rather than a complete guide. But it’s a great primer which offers practical ideas you can use right now. Ideas that will give confidence about doing the right thing for clients whose plans need to take account of family members with special educational needs and disabilities.
The tax landscape has shifted significantly over the past couple of years. Allowance reductions, rising dividend tax rates and the proposed extension of IHT to unused pensions means there’s plenty for paraplanners to get to grips with — and plenty of opportunity to add real value for clients.
This Assembly cuts through the complexity and gives you a clearer picture of how different tax wrappers work in practice, so you can make more confident decisions about which solution is right for which client.
Host, Richard Allum is joined by Elaine Cruickshank, tax and trusts manager at Aegon for a practical, no-nonsense look at onshore bonds, offshore bonds, GIAs and trust solutions with an agnostic perspective that keeps the focus firmly on what’s best for the client in front of you.
What we explored
We looked at how recent tax changes are prompting advisers and paraplanners to revisit wrapper choice, and went through the kind of comparative thinking that helps you work out when a bond might be preferable to a GIA or when onshore makes more sense than offshore.
We also looked at how onshore bonds are actually taxed (including a common misconception that’s worth clearing up), which wrapper tends to suit which client circumstances, and how trust solutions fit into the picture, particularly in the context of the proposed IHT changes to pensions.
What can you expect to take away?
After catching up on the Assembly, you’ll have a clearer understanding of the tax treatment of different wrappers, a more confident sense of when each option is likely to work best, and some practical frameworks for thinking about trust planning solutions.
We’ve been recording ‘Technically speaking’ sessions with Utmost’s Steve Sayer for a few years now.
And because they offer really crunchy case-study based content, they’re really popular with paraplanners.
But we like to plan ahead so late last year, we sat down with Steve and the team at Utmost to talk about the ‘Technically speaking’ plans for 2026. During the conversation, Steve talked about each of the major tax planning milestones that stem from the measures announced by the Chancellor since October 2024 and stretch ahead to 2031.
And when Steve revealed that he had a single slide that set out each of the changes against a timeline, we decided – there and then – that was definitely something paraplanners would like to hear more about.
So we invited Steve into the studio to talk us through it.
And here’s the result: Steve Sayer’s guide to the tax change timeline until April 2031. In it, Steve covers inheritance tax and the domicile regime, excluded property trusts and the new foreign income and gains regime, the agricultural and business property relief changes, pension death benefits in 2027, plus the effects of the freezing of tax bands until 2031.
Plus you can download his slide using the link below.
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.
The Government’s Finance Bill which includes the provision for pensions to become subject to inheritance tax (IHT) has reached a critical point in its progress through Parliament.
But as James Jones-Tinsley of Barnett Waddingham explains in this 15-minute briefing recorded especially for the Paraplanners’ Assembly, the measure isn’t necessarily a done deal.
Why the next few weeks matter
He suggests that the government’s recent decision to raise its proposed threshold on agricultural and business property relief from £1 million to £2.5 million indicates that the government can be persuaded to rethink its plans.
So the next few weeks matter. And that’s why James is encouraging advice professionals and clients to write to their MPs – not least to encourage the government to consider the practical consequences of its planned changes.
For instance, how reasonable and realistic is it to expect personal representatives, many who are likely to be recently bereaved family members, to successfully negotiate their way through complex pension death benefit rules against the clock?
And is adding to the anxiety of family members worth it when the government’s own projections suggest this will raise £1.5 billion by 2029-30 – a fraction of the £6 billion that is already being collected thanks to freezing of allowances?
What you’ll learn by watching and listening
If you want to know the latest on the progress of the law resulting from last November’s budget and its consequence for advice colleagues and clients, then you’re in the right place.It’s more than a year since speculation ahead of last autumn’s Budget led to a surge of savers raiding their pension pots in a bid to beat rumoured changes to tax-free lump sums.
But when no changes were announced and people sought to reverse their withdrawals, they discovered that the 30-day cancellation rule didn’t apply. Or did it?
That confusion over conduct of business rules led to calls for HMRC and the FCA to clarify whether or not savers could cancel – and they’ve now responded.
Budget measures are often the subject of media speculation. But the level of attention in the run-up to the Chancellor of the Exchequer’s Budget statement on 26 November 2025 was unprecedented.
So did the reality match the hype?
For our final Assembly of 2025, we invited Les Cameron from M&G Wealth to join us and share his latest thoughts on what paraplanners need to know following Rachel Reeves’s statement.
Les covers a bunch of different topics that include:
- Inheritance tax changes and business relief updates
- Capital gains tax rates and allowances
- ISA allowances
- Pensions, IHT liability and the role of personal representatives
- Salary sacrifice
- Tax rates, bands and allowances
- Beneficial ordering
- The effect of fiscal drag (or ‘stealth taxes’)
Plus more besides. So if you want to catch up with what’s been announced, what’s changing, or what’s staying the same, this is the Assembly for you.
Assemblies featuring the M&G technical team in 2025
This is the fifth Assembly of the year featuring experts from M&G Wealth’s technical team. Here are the other four from 2025:
February 2025 – Pensions, death and taxes (with Les)
April 2025 – A guide to investment bond essentials for paraplanners (with Barrie Dawson)
August 2025 – Tax wrappers: which, why and when? (with Neil Macleod)
September 2025 – The pension IHT bombshell has landed – now what? (with Les)
When a client dies, their will isn’t necessarily the final word on how their estate gets distributed. Deeds of variation and disclaimers give beneficiaries a valuable window – two years from death – to reshape inheritances in ways that can reduce tax bills and improve family outcomes – often both.
In the latest episode in our ‘Technically speaking’ series, we invited Steve Sayer from Utmost to join host Richard Allum, to cast his expert gaze on the post-death planning issues that paraplanners need to consider.
During the hour-long session, Steve explains:
- how deeds of variation work;
- the conditions needed for them to be effective for IHT and CGT purposes;
- practical situations where they make sense;
- related settlements;
- ‘reading back’ provisions; and
- CGT planning opportunities that variations can create.
What’s more, the session also explores disclaimers – the simpler but more restrictive alternative to variations. Steve clarifies:
- the ‘all or nothing’ rule;
- when disclaimers work best; and
- how they differ from deeds of variation in practice.
Throughout the episode, Steve offers examples to help illustrate concepts such as periodic charges and ten-year anniversaries.
If you’re working on suitability reports that cover post-death planning options, are supporting a client following a death, or would just like to give your technical knowledge a boost, this is the ideal ‘Technically speaking’ episode for you.
It’s more than a year since speculation ahead of last autumn’s Budget led to a surge of savers raiding their pension pots in a bid to beat rumoured changes to tax-free lump sums.
But when no changes were announced and people sought to reverse their withdrawals, they discovered that the 30-day cancellation rule didn’t apply. Or did it?
That confusion over conduct of business rules led to calls for HMRC and the FCA to clarify whether or not savers could cancel – and they’ve now responded.
In this episode of the Paraplanners’ Assembly podcast popular Assembly expert, James Jones-Tinsley of Barnett Waddingham explains how cancellations became an issue, what the clarification means for clients, what regulatory issues the statement throws up, and what paraplanners need to know from now on.
Once upon a time, when taxes were relatively low, ISAs and unwrapped investments seemed like pretty obvious choices for clients’ money.
But the big cut in the capital gains tax allowance and rises in tax on gains and dividends has changed things. Tax wrappers that once seemed like more hassle than they were worth (like investment bonds) could now be the ideal vehicle – especially for higher rate taxpayers.
But which wrapper is right in which circumstances and why?
That’s the question that guest Neil Macleod from M&G’s technical team was invited to answer when he joined host, Leanne Pickering, for this Assembly.
What you’ll learn by listening
Over the course of one lunch hour, Leanne and Neil explored when bonds are more suitable, when offshore makes sense, and why the ‘best’ mathematical answer might not actually be the right choice for your client. In this Assembly you’ll:
- learn from real case studies that compare basic rate versus higher rate taxpayers
- find out how to use withdrawals strategically to fund ISAs
- discover why different asset types work better in different wrappers
- tackle those tricky questions about investing within trusts
- understand why paying a bit more tax sometimes makes perfect sense
You’ll discover that the right choice for your clients isn’t just about what the spreadsheet says but about the broader thinking
What’s more, once you’ve listened, follow the link below and you can request a record of 1 hour’s worth CPD too.