Inheritance Tax with Jon Doyle DWI-EP187
Dentists Who Invest Podcast
English - October 31, 2023 07:00 - 30 minutes - 21.1 MB - ★★★★★ - 1 ratingMedicine Health & Fitness Education dentist dental finance investing money wealth crypto stocks invest dentists Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Are you feeling overwhelmed when it comes to inheritance tax planning? Allow us to break it down for you with the help of our esteemed guest, Jon Doyle. We get into the nitty-gritty of understanding your financial situation, uncovering the value of your estate, and evaluating if you have an inheritance tax problem. Jon, a seasoned IFA, guides us through how strategic planning using exemptions and allowances can align with your financial aspirations and lessen the burden of estate planning.
But that’s not all. We delve deeper into the realm of pension income and intergenerational planning. You'll be amazed by the tax benefits of passing down pension income to your next of kin, especially if you're under 75. Jon enlightens us on how a dependents pension can allow withdrawal up to 10,000 pounds a year tax-free. Wondering how to use these funds? We discuss how they can be utilised for paying off mortgages or gifting a lump sum. This episode is a treasure trove of insights into estate planning and inheritance tax, so don’t miss out!