TAKE CONTROL OF YOUR
FINANCIAL FUTURE By James McIntyre, Partner at PM+M
Life is full of milestones. From buying your first home and starting a family to planning for retirement, each brings new financial demands.
Having a clear financial plan in place ensures you can enjoy these moments with confidence, rather than reacting to challenges as they arise.
A strong plan starts with asking the right questions: when do you want to retire? How much will you need to maintain your lifestyle? What should you be saving for both now and in the future? How much do I need to sell my business for? By addressing these early, you can build a roadmap that supports both your short-term ambitions and long-term security.
At PM+M, we can utilise cash flow modelling to provide a detailed view of your finances. This helps you understand where your money is going today, while forecasting
future income and expenditure. With this clarity, you can make informed decisions about saving, investing and spending.
Planning ahead brings valuable benefits. It offers peace of mind, encourages better financial decision-making, and helps you stay in control. It also ensures your loved ones are protected through effective estate and protection planning.
However, success also depends on avoiding common pitfalls, such as failing to have an emergency fund, overspending, delaying pension contributions, overlooking tax planning, or failing to review your plan regularly enough.
A financial plan isn’t static, it evolves as your life changes. With the right support, you can stay on track and make the most of every stage of life.
Please get in touch if you would like to discuss your financial plan in more detail.
INHERITANCE TAX CHANGES PROMPT PLANNING REVIEW
By Stuart Maher, Director and solicitor, head of private client, Watson Ramsbottom
Recent changes to inheritance tax (IHT) rules are prompting business owners, farmers and families to review their estate planning arrangements.
From April 2026, more business and agricultural assets are now brought within the scope of IHT, while from April 2027 self-invested and personal pension schemes are also due to be included when calculating inheritance tax liabilities.
The changes could result in a greater proportion of an estate being subject to tax, potentially reducing the value passed on to future generations. Estate planning strategies that were previously effective may no longer provide the same level of protection, particularly where pension arrangements have formed a key part of succession planning.
As a result, legal experts are advising individuals and business owners to review their
wills and wider estate planning arrangements to ensure they remain appropriate and tax- efficient. Early planning can often provide greater flexibility and help avoid unexpected consequences for beneficiaries.
Those most likely to be affected include business owners, farming families and individuals with significant pension assets. Reviewing existing arrangements now may help identify areas that could be affected by the forthcoming changes and provide time to consider alternative planning options where appropriate.
Our team advises clients across Lancashire on wills, estate planning and succession matters, including the potential implications of inheritance tax changes. We will with clients to review existing arrangements and develop strategies that reflect their personal, family and business circumstances.
Do you require assistance with inheritance tax planning?
#GotYourBack We’ve
Whether its wills, probate, care fees planning or lasting powers of attorney, we’re here to help.
And with 15 offices nationwide there’s nobody better placed to assist you!
01254 67 22 22
enquiries@WatsonRamsbottom.com
www.WatsonRamsbottom.com
Find out more here!
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WEALTH MANAGEMENT
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