Henny Dovland: Intergenerational financial planning explained

Keeping it in the family

clock • 5 min read

Henny Dovland looks at different ways to share wealth between the generations while keeping a firm hand on tax liabilities

As we live longer, it is quite typical for four generations to be alive and well in any one family. This means it is becoming increasingly important to consider financial planning on an intergenerational rather than individual basis. Inheritance tax (IHT) is hefty - 40% of the total qualifying estate - yet our own research shows that over a third of consumers aged 55 and over who use an IFA for financial advice have not yet considered IHT planning.  Financial planners need to think about the services they provide to the family as a whole. Rather than f...

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 Tax planning

Paying IHT on pensions: The potentially 'gruelling' process for personal representatives

Paying IHT on pensions: The potentially 'gruelling' process for personal representatives

'Pension entitlements cropping up much later will cause a big headache for PRs'

Rachel Pinn
clock 25 June 2026 • 12 min read
Turning tax year-end regret into a new tax year opportunity

Turning tax year-end regret into a new tax year opportunity

The most common regret is leaving things too late

Sophie Hall
clock 24 June 2026 • 3 min read
Why does Britain keep shooting itself in the savings crisis foot?

Why does Britain keep shooting itself in the savings crisis foot?

'Private pensions are no longer simply a retirement savings vehicle. They have become a growing source of tax revenue'

James Floyd
clock 24 June 2026 • 4 min read