22 February 2016

Planning now gives you greater control – even after death

In today’s Press & Journal, Carbon’s Richard Wadsworth looks at the challenging topic of leaving your pension pot to loved ones, and exerting some form of control over where your funds go.

As Richard points out, the new rules state that if you die before you reach 75, provided you have a defined contribution pension – for example, a personal pension, stakeholder pension or self-invested pension – your remaining funds can be passed on tax-free to anyone. This sounds fairly straight forward, however there are important things for people of all ages need to consider depending on where they want the pension fund to go after their death.

In his article, Richard provides answers to some of the commonly asked questions around passing your pension fund on when you die. For example, what if you want to pass funds to charity or specific individuals, or what happens if you don’t yet know to whom you want to pass funds? In each case there are solutions, however the overriding message from Richard is the need to plan as early as possible if you want to reduce the size of your taxable estate, minimise the inheritance tax payable, and exert control over your pension fund after you die.

It is a very interesting read that certainly encourages you to investigate your existing pension fund arrangements and perhaps begin the process of determining the best plan to suit your circumstances.

You can read Richard’s full article here.

If you would like to discuss your financial planning options, please contact us with any questions you might have. You can do this by calling our head office on 0131 220 0000, or by emailing us at or you can also follow us on Facebook, Twitter or LinkedIn.

You can view Richard Wadsworth’s profile here.


Sign-up for our Carbon Catch-Up Newsletter


Sign-up for our Carbon Catch-Up Newsletter.

* indicates required

Carbon Financial will use the information you provide on this form to keep in touch with you and to provide updates and marketing. Please indicate below that you are happy to receive our updates in the future:

You can change your mind at any time by clicking the unsubscribe link in the footer of any email you receive from us, or by contacting us at We will treat your information with respect. For more information about our privacy practices please visit our website. By clicking below, you agree that we may process your information in accordance with these terms.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

Part of The Progeny Group

Progeny is independent financial planning, investment management, tax services, property, HR and legal counsel, all in one place.

Carbon Financial Partners, part of The Progeny Group, is a trading name of Carbon Financial Partners Limited which is authorised and regulated by the Financial Conduct Authority under reference 536900.

Carbon Financial Partners Limited is registered in Scotland. Company registration number SC386400. Registered Address: 61 Manor Place, Edinburgh, EH3 7EG. Carbon Financial Partners Limited is part of The Progeny Group Limited.

© Carbon Financial Partners 2024

Client Account | Personal Finance Portal | Privacy Notice | Cookies