News & Views

Prudential: Gifting? There’s no time like the present

Retirement news for Financial Advisers & Paraplanners

5 Nov 2019

Prudential: Gifting? There’s no time like the present

Recent guidance from the Office of the Public Guardian (OPG) simply reaffirms the potential problem of leaving IHT planning to late in life.

The guidance in questions is aimed at Attorneys and Deputies investing for a person in England and Wales lacking mental capacity. 

  • Attorneys – appointed under a Lasting Power of Attorney (LPA) for Property and Financial Affairs, or an Enduring Power of Attorney (EPA).
  • Deputies – appointed by the Court of Protection (COP)

It contains this statement: 

“If you want to make gifts to reduce the impact of inheritance tax, you may need to make an application to the court”. 

Read the full article here.  

Email this article Print Share on Twitter Share on LinkedIn Share on Facebook Share on Google+


Not yet registered?

Please complete this form to join our community

Select your role:
Confirm Password

Visit the Prudential sponsor area

Read more Prudential articles and find out more about their Tools & Resources here..



Join the Panacea community

Join the Panacea community for free and recieve news, guides, whitepapers, event information, special offers and more!