Why wait? What is pre-funding and what are its benefits?

WHY WAIT?

clock

With some clients waiting upwards of two months for pension tax relief to be received, Andy Zanelli, head of retirement planning at AXA Wealth, assesses the benefits of pre-funding...

More often than not, it is the things that you take for granted, or that just happen without you really thinking about it, that can mean a great deal. In the modern, online, digital age, pre-funding could be viewed as one of those things. If advisers mention pre-funding to clients, are they aware of what we mean? Do all advisers and clients realise the true impact this can have? The concept of pre-funding is not a new one that has come in under the radar, but rather it has been a factor in the pension and savings world for many years. The concept is simple: when the customer tak...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Quilter reports platform net inflows of £1bn in first quarter

Quilter reports platform net inflows of £1bn in first quarter

Ongoing adviser charging review to start shortly after FCA talks

Jenna Brown
clock 24 April 2024 • 2 min read
Will IFA-owned platforms take over the financial advice sector?

Will IFA-owned platforms take over the financial advice sector?

PA talks to industry experts on the future of adviser-owned platforms

Sahar Nazir
clock 27 March 2024 • 9 min read
CGT support from platforms now 'adviser must have'

CGT support from platforms now 'adviser must have'

Shrinking personal allowances dragging more investors into CGT net

Jenna Brown
clock 27 March 2024 • 2 min read