Passing on Your Money | Pensions, Inheritance Tax & Gifting Explained

Passing It On · Decisions — part of the find your point (fyp) autumn programme.

From 6 April 2027, most unused pension funds count towards the value of your estate for inheritance tax. That is settled law, not a rumour.

It is a question about death, and almost every useful answer to it is about life. What you spend first. What you give away while you can still watch it land. Passing it on is not an event at the end — it is the result of choices made across the years after work, and it is what makes the handover calm for the people you leave.

This is a Decisions session. It assumes you know what a pension, a will and a gift are, and spends the evening on the choices you should actively consider.

WHAT WE COVER

• Which pot you spend first — and why the usual answer turns over. For years it was: spend everything else, leave the pension untouched. April 2027 reverses that for a great many people. Both orders side by side, so you can see which your own arrangements point to.

• How the income is actually made. Drawdown, an annuity, or a blend — weighed as a tax decision, not only a price one. Including the choice that costs most and gets least attention: whether the income stops when you do.

• Giving while you can see it. The seven-year clock — and the route most people have never heard of: regular gifts out of income rather than savings, outside the estate straight away, if you keep the record that proves it.

• Where it gets complicated. A retirement or assets abroad, long-term residency, investment bonds. And the point that catches families out: a gift that fails is taxed at the death of the person who gave it, not at the second death.

• What is actually yours to decide. Which of your money follows your will, and which follows a form the scheme holds — for most people the largest thing they own is governed by the second.

Then the quiz: one household, four pots, and the room votes the drawdown order twice — under today’s rules and under April 2027’s. You leave with your own order, your own dates, and one warm-handed move worth considering.

One note on timing. This is the evening after the Budget. If something lands on the 28th that changes any of this, we will say so plainly and show you where to check it.

WALK IN: with a pension, or a will, or a view in mind about what you would like to leave.

WALK OUT: knowing which decisions are yours, and which one you are making first.

Doors from 18:15 · session 18:30–20:00 · ten seats · £10.

Every find your point session sits at one of three levels: Foundations — assumes no prior knowledge · Decisions — assumes the basics and weighs up the choices · Optimise — improves what you already have. This session is Decisions.

Led by Rahul — ex-Wall Street and City credit trader; FCA-registered investment adviser until 2009.

find your point is a trading name of Kibo Integral Tech Limited (Co. No. 15322474)

Generic financial education — not personal financial advice.

Not yet authorised and regulated by the Financial Conduct Authority. Direct Authorisation in progress.

This session is financial education, not financial advice — nothing in it is a recommendation, and all figures are illustrations, not promises.