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

CGT: A stealth tax representing advice opportunity

CGT: A stealth tax representing advice opportunity

'The sharpest sense of grievance may be among business owners'

Andrew Aldridge
clock 12 August 2026 • 8 min read
The forgotten side of IHT planning: Giving clients permission to enjoy their wealth

The forgotten side of IHT planning: Giving clients permission to enjoy their wealth

'I believe IHT planning is becoming as much about psychology as legislation'

Lee Quinn
clock 11 August 2026 • 4 min read
IHT liabilities hit record £7.03bn in 2023-24 tax year

IHT liabilities hit record £7.03bn in 2023-24 tax year

Figures ‘set to accelerate’

Sophia Panayi
clock 30 July 2026 • 2 min read