Deep Dive #8: Making your pension last and navigating inheritance tax changes

About this episode

The episode discusses the future of retirement, focusing on pension management and inheritance tax changes.

In this Deep Dive episode, Tom Selby and Tom Sieber explore what retirement really looks like in 2026 — from phased retirement and flexible working, to drawdown, annuities, tax changes and the risks that could derail your plans. They also hear from a financial adviser on managing money in retirement, and from AJ Bell’s very own Rachel Vahey on inheritance tax and what the latest changes could mean for families. 02:24 Tom Selby and Tom Sieber discuss how retirement is changing, why it no longer has to mean stopping work completely, and what earning part-time or freelance income could mean for your pension planning. 06:34 They break down the main ways to access your pension, including drawdown and annuities, and ask whether the best approach for many retirees might be a mix of both. 10:33 The pair look at the key retirement dates and milestones people need to know, including changes to the Normal Minimum Pension Age and how the State Pension fits into the wider retirement income picture.18:10 The two Toms examine some of the biggest threats to retirement finances, including longevity risk, sequence risk, inflation and the danger of drawing too much too soon. 24:25 Tom Selby speaks…

People in this episode

Hosts: Tom Selby, Tom Sieber

Guests: Rick Gosling, Rachel Vahey

Topics covered

• retirement planning
• pension access
• inheritance tax
• financial advice
• retirement risks

Keywords

• pension
• retirement
• inheritance tax
• financial advice
• drawdown
• annuities
• longevity risk
• inflation

Mentioned in this episode

Organizations: Five Wealth, AJ Bell

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