Thursday, December 1, 2022
HomeFinancial PlanningIHT planning and pensions driving ‘Boomer’ recommendation demand

IHT planning and pensions driving ‘Boomer’ recommendation demand

Inheritance tax planning is a significant driver for 58 to 75 yr olds looking for regulated monetary recommendation.

One in six ‘Boomers’ (16%) stated they intend to hunt monetary recommendation related to inheritance tax planning.

An additional 11% stated they have been contemplating whether or not they wanted recommendation on this space, in line with a survey of 1,272 ‘Boomers’ by Dunstan Thomas.

London and the South West had 20% and 17% looking for IHT-related recommendation or planning on accessing recommendation.

Optimising retirement revenue ranges was the opposite principal driver for ‘Boomers’ looking for recommendation.

1 / 4 of 58 to 75 yr olds plan to or have already used regulated monetary recommendation to achieve extra data about pensions earlier than they retire.

An additional 15% used or plan to make use of steerage providers from Residents Recommendation Bureau, MoneyHelper and Pension Smart.

Practically half (46%) of these with DC pensions and SIPPs have sought or will search monetary recommendation about their pension earlier than they totally retire.

Over a 3rd (37%) of ‘Boomers’ have used a monetary adviser sooner or later of their lives.

Adrian Boulding, director of retirement technique at Dunstan Thomas, stated: “These findings reveal a burgeoning demand for regulated monetary recommendation amongst Boomers approaching and in-retirement – significantly amongst youthful Boomers extra uncovered to DC pensions dependence for retirement revenue.”

“There’s proof right here of Boomers’ considerations related to assuring an ample and sustainable retirement revenue, in addition to de-risking of portfolios previous to retirement. There’s additionally clear demand for IHT planning in addition to recommendation related to boosting accessible retirement revenue by fairness launch or downsizing.”

Opinium surveyed 1,272 58 to 75 yr olds throughout the UK between 28 January and 10 February on behalf of Dunstan Thomas.



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