if a pension sits outside of your estate for inheritance tax purposes - does that mean its also not considered against savings/home value for long term care purposes? eg I may need to sell the house so not safe as a legacy but pension would be safe?
Hi @MrKlawUK, Thanks for reaching out to us! Please note that at PensionBee, we offer a non-advisory service and are unable to advise how your pension pot could affect your care costs later in life. However, we can direct you to a free government pension advisory service that'll be able to guide you should you need any advice. They also have a phone number which you can call should you wish to speak with someone about this. Money Helper: www.moneyhelper.org.uk/en 0800 138 7777 You can also find some general information surrounding this on they Money Helper website at: www.moneyhelper.org.uk/en/family-and-care/long-term-care/how-your-pensions-can-affect-social-care-costs We hope this helps you! Warm regards, Team PensionBee
Useful information 🙂👍
if a pension sits outside of your estate for inheritance tax purposes - does that mean its also not considered against savings/home value for long term care purposes? eg I may need to sell the house so not safe as a legacy but pension would be safe?
Hi @MrKlawUK,
Thanks for reaching out to us!
Please note that at PensionBee, we offer a non-advisory service and are unable to advise how your pension pot could affect your care costs later in life.
However, we can direct you to a free government pension advisory service that'll be able to guide you should you need any advice. They also have a phone number which you can call should you wish to speak with someone about this.
Money Helper:
www.moneyhelper.org.uk/en
0800 138 7777
You can also find some general information surrounding this on they Money Helper website at:
www.moneyhelper.org.uk/en/family-and-care/long-term-care/how-your-pensions-can-affect-social-care-costs
We hope this helps you!
Warm regards,
Team PensionBee