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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.  

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