Planning for age 75

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When it comes to pensions, reaching age 75 is an important milestone and for many this is a vital time for financial advice. It is therefore important to plan for this event in advance. This is due to the changes in tax relief and the taxation of death benefits after age 75 as well as the potential lifetime allowance tax charge which could apply at age 75.

This presentation discusses how tax relief on pensions changes at age 75 as well as the potential advantages and disadvantages of retaining uncrystallised benefits after age 75. We also talk about the benefit crystallisation events which occur at age 75 and use examples to bring these to life.

We also talk about trusts set up to receive death benefits and whether reaching age 75 affects the reasons for setting these up.
Pensions flexibility brought in many changes and one of the biggest was the change to the taxation of death benefits so we talk about how reaching age 75 impacts death benefits.

Once you've watched the webinar, simply complete the short quiz below and give us a few details. You'll then be redirected to your personalised CPD certificate.

CPD learning objectives - 60 minutes

timer iconAfter watching this webinar, you'll understand: 

  • How tax relief on pensions changes at 75
  • How the main BCEs work at age 75
  • If you should take uncrystallised benefits before age 75
  • How death benefits differ before and after age 75
  • If trusts set up to receive death benefits are still relevant after age 75

This website is intended for financial advisers only and shouldn't be relied upon by any other person. If you are not an adviser please visit royallondon.com.

The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.