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

Property wealth counts for approaching half of IHT-paying estates in London

Property wealth counts for approaching half of IHT-paying estates in London

Average property value exceeds £862,000

Isabel Baxter
clock 14 January 2026 • 2 min read
Scottish Budget: Mansion tax for £1m properties; Increased income tax thresholds

Scottish Budget: Mansion tax for £1m properties; Increased income tax thresholds

Finance Secretary Shona Robison delivers 2026/27 Budget speech

Jenna Brown
clock 13 January 2026 • 5 min read
UK tax changes for non-residents: The abolition of the dividend tax credit

UK tax changes for non-residents: The abolition of the dividend tax credit

'The key is correctly identifying each category and modelling the two methods side by side'

Tony Müdd
clock 06 January 2026 • 7 min read