{"id":12299,"date":"2026-03-06T16:53:41","date_gmt":"2026-03-06T16:53:41","guid":{"rendered":"https:\/\/www.wealthtime.com\/advisers\/?post_type=blog&p=12299"},"modified":"2026-03-20T15:18:35","modified_gmt":"2026-03-20T15:18:35","slug":"intergenerational-focus-at-tax-year-end","status":"publish","type":"blog","link":"https:\/\/www.wealthtime.com\/advisers\/blog\/intergenerational-focus-at-tax-year-end\/","title":{"rendered":"Intergenerational focus: tax year end is a good time to consider plans"},"content":{"rendered":"\n

Tony Wickenden, Technical Connection<\/p>\n\n\n\n

Don\u2019t forget, Tax Year End can be a good time to consider intergenerational planning<\/strong><\/strong>.<\/p>\n\n\n\n

Understandably, most Tax Year End planning focuses on using available income tax and capital gains tax allowances and exemptions and maximising input into ISAs and pensions. But it\u2019s also a great time to have potentially important conversations with your older clients about tax effective intergenerational planning.<\/p>\n\n\n\n

Subject to being comfortable that their financial capital will support the life they aspire to and for an appropriate number of years (the latest ONS stats indicate that a 65 year old woman could expect to live, on average, another 21.2 years and a man of the same age another 18.7 years) then a planned strategy of lifetime giving is well worth considering.<\/p>\n\n\n\n

At tax year end an intergenerational wealth transfer conversation should begin with the \u00a33,000 annual exemption. If it can\u2019t be used in one tax year it can be carried forward to the next but no further. So, with a fully unused exemption from the previous year a maximum of \u00a36,000 could be given in this way.<\/p>\n\n\n\n

There is also the normal expenditure out of income exemption. Not so much a tax year end necessity, more of a good time (along with discussing the use of the \u00a33,000 exemption) to put in place a pattern of regular giving out of income to contribute to efficient wealth transfer. An especially good use of these exemptions could be to pay premiums under a whole of life (joint life last survivor for a couple) protection plan, in trust to provide tax-free funds on death to create or enhance a legacy and\/or meet an IHT liability on the rest of the estate.<\/p>\n\n\n\n

\n
\n
\n
\"Tony<\/figure>\n<\/figure>\n<\/div>\n\n\n\n
\n

Most tax year end planning focuses on using available tax allowances […] But it\u2019s also a great time to have potentially important conversations with your older clients about tax effective intergenerational planning.<\/p>Tony Wickenden, Technical Connection<\/cite><\/blockquote><\/figure>\n<\/div>\n<\/div>\n\n\n\n

Read the next article<\/strong><\/p>\n\n\n\n

For more tax year end planning top tips, read the next bitesize article. <\/p>\n\n\n\n\n \n Read next <\/a>\n\n\n\n

<\/div>\n\n\n\n

Browse all bitesize articles<\/strong><\/p>\n\n\n\n

For more expert insight and analysis, visit our tax year end library.<\/p>\n\n\n\n\n \n Visit the library <\/a>\n\n\n\n

<\/div>\n\n\n\n

Stay connected<\/strong><\/p>\n\n\n\n