PruAdviser Online Services will be unavailable from 21:00 on Saturday 24 July until 08:00 on Sunday 25 July for essential website maintenance. We apologise for any inconvenience caused.

Exceptional planning in extraordinary times

Session: 11 March

Colins Simmons, Business Development Manager, looked at ways to future proof your business as we make the transition towards a post Covid future. He looked at what the opportunities are when considering how we provide clients with better outcomes in relation to how their financial situation was effected by Covid.

He also considered how a pension can be used to provide exceptional planning opportunities for the different generations in these extraordinary times. How tax relief can be maximised whether a client has been a winner or sadly a loser from the pandemic, with a focus on some intergenerational planning ideas for your business and their futures.

Learning Outcomes – to demonstrate an understanding of:

  • Utilising the £77bn that was saved in the UK in the first six months of the pandemic
  • How pensions can be utilised to support the winners and losers
  • Making the most of the allowance and pension tax relief
  • Considerations for those requiring access to their pensions
Featured Video

Exceptional planning in extraordinary times

44 minutes View transcript

Colins Simmons, Business Development Manager, looked at ways to future proof your business as we make the transition towards a post Covid future. He looked at what the opportunities are when considering how we provide clients with better outcomes in relation to how their financial situation was effected by Covid.

To claim your CPD certificate, test your knowledge with the questions below.

Write down your answers to each of the following questions and check your answers when you click through to claim your CPD certificate on the link below.

Test your knowledge

1. The investment pathways for income drawdown were recently introduced when?

a. December 2020

b. January 2021

c. February 2021

d. March 2021

 

2. How many trillions in personal wealth is expected to be passed to the next generations over the next 25 years?

a. £3.5 trillion

b. £5.5 trillion

c. £4.5 trillion

d. £6.5 trillion

 

3. What does not trigger the money purchase annual allowance?

a. Uncrystallised fund pension lump sum

b. Income from a flexible annuity

c. Flexi access drawdown income

d. Small pots or Defined Benefit triviality payment

 

To claim your CPD certificate, click here.

"Prudential" is a trading name of Prudential Distribution Limited. Prudential Distribution Limited is registered in Scotland. Registered Office at Craigforth, Stirling FK9 4UE. Registered number SC212640. Authorised and regulated by the Financial Conduct Authority. Prudential Distribution Limited is part of the same corporate group as the Prudential Assurance Company. The Prudential Assurance Company and Prudential Distribution Limited are direct/indirect subsidiaries of M&G plc, a company incorporated in the United Kingdom. These companies are not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.