Myth-busting HNW clients' most common misconceptions

‘I heard it from my mate down the pub…’

clock • 5 min read

Chartered financial planner Rick Gosling picks apart misconceptions his clients have when it comes to pension and inheritance tax…

It's not unusual for clients to seek clarification on ‘advice' they have heard from a mate at the pub or spotted on social media. While these sources may or may not mean well, in the age of false information and fake news, it's important that people do not trust implicitly the words of these alehouse advisers and Facebook financiers. To cut through the noise, I take a closer look at some of the more common rumours clients have reported to us regarding pensions and inheritance tax (IHT), and why they may not be as simple as they appear to be. I won't have any IHT to worry about as m...

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

Why the Scottish Budget means it's time to act to save your pension

Why the Scottish Budget means it's time to act to save your pension

'These changes may mark something of an inflection point'

Drew Nutsford
clock 02 April 2026 • 4 min read
Expect 'painful teething challenges' on IHT overpayments, advisers warn

Expect 'painful teething challenges' on IHT overpayments, advisers warn

Fears HMRC delays could lead to months-long waits

Laura Purkess
clock 02 April 2026 • 2 min read
'The first of many lasts' – Marking a different tax year end

'The first of many lasts' – Marking a different tax year end

Advisers and clients having to digest changes under Labour

Isabel Baxter
clock 01 April 2026 • 5 min read