Steve Webb had delivered a set last week which to some extent he repeated this week, outlining the issues for those involved in dealing with unspent pensions of someone who has died.
We can include the transcript of what Steve worked from. LCP have kindly made available to those who went to this event the summary
The bigger picture came at the end
Steve Webb has simplified the potential impact on pensions of a November 26th budget.
If you want to read the document , it’s here and you can download it
Webb refers in the paper to the 2021 budget when he was pension minister and had no control of what Osborne did. Here Webb casts his mind back as well as projecting forward till November 26th 2025.
To find out the detail of the arguments, check out the document.
44% of UK adults have made a will National Will Register, according to research from The National Will Register from 2023.
I could not find any statistic on expressions of wishes. From experience i would guess that it would be even less than wills.
Personal representation does not appear to be a regulated activity. Another 30% to the ambulance chasing brigade ( failed IFA)
Already fertile minds are devising legitimate action to limit the impact of the proposed double tax charge so who will the impact of this fall upon?
Maybe Agewage could make this a profitable service??