{"id":30904,"date":"2025-07-29T10:30:49","date_gmt":"2025-07-29T09:30:49","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/tomd\/2025\/07\/29\/how-the-great-wealth-transfer-impacts-you\/"},"modified":"2025-10-02T12:39:20","modified_gmt":"2025-10-02T11:39:20","slug":"how-the-great-wealth-transfer-impacts-you","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/tomd\/2025\/07\/29\/how-the-great-wealth-transfer-impacts-you\/","title":{"rendered":"How the \u2018great wealth transfer\u2019 impacts you"},"content":{"rendered":"
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Baby boomers hold over half of the UK wealth and should start legacy planning now <\/td>Gen X can benefit from early financial advice to simplify future decisions and manage inherited wealth <\/td>Millennials are motivated to build wealth and should start planning early to prepare for what\u2019s ahead <\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n
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The UK\u2019s \u2018<\/strong>great wealth transfer\u2019<\/em><\/strong> will see an estimated \u00a35.5trn to \u00a37trn passed down the generations in the next 30 years. As money, property and assets are passed on through inheritance, gifts and estate transfers, it is important to understand what this will mean for you.<\/strong> <\/p>\n<\/div>\n\n

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\u201c<\/strong>How can I secure my legacy<\/em><\/strong>?\u201d<\/strong> <\/h2>\n<\/div>\n\n
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Baby boomers (born 1946\u20131964) control more than half1<\/sup> of the UK\u2019s wealth. Mostly, they are financially comfortable, though may be worried about their children or grandchildren. The key is to start the conversation with family members early. This means taking a proactive approach to financial planning \u2013 securing your legacy will bring peace of mind. <\/p>\n<\/div>\n\n

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\u201c<\/strong>How can I save time?\u201d<\/em><\/strong> <\/h2>\n<\/div>\n\n
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The first beneficiaries of the great wealth transfer are likely to be Generation X (born 1965\u20131980). Typically, this group is time poor, with a mortgage and multiple dependants to look after. For Gen X, thinking about the great wealth transfer might not be a priority, but seeking advice now with retirement, general financial planning and starting conversations with your parents, can save you a lot of time and stress later. Advice to simplify your decisions, reduce debt, invest wisely, understand taxes, tune into estate planning and prioritise long-term goals to manage inherited wealth responsibly, and with confidence, will prove advantageous. <\/p>\n<\/div>\n\n

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\u201cHow can I achieve my financial goals?\u201d <\/em><\/strong> <\/h2>\n<\/div>\n\n
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Millennials (1981\u20131996) typically have lower wealth levels than older generations but are highly motivated to improve their financial future. To build confidence and prepare a solid financial plan for the next 30 years (and beyond), it is a good idea to start working with us early, so you\u2019re well-equipped to deal with what\u2019s coming your way. <\/p>\n<\/div>\n\n

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Talk it through<\/strong> <\/h2>\n<\/div>\n\n
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Whatever life stage you\u2019re at, planning early and seeking advice will help you embrace the future with confidence. We can help you navigate the great wealth transfer. <\/p>\n<\/div>\n\n

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1<\/sup>Vanguard <\/p>\n<\/div>\n\n

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The value of investments can go down as well as up and you may not get back the full amount you invested. The past is not a guide to future performance and past performance may not necessarily be repeated. As a mortgage is secured against your home or property, it could be repossessed if you do not keep up mortgage repayments. A pension is a long-term investment not normally accessible until 55 (57 from April 2028). The value of your investments (and any income from them) can go down as well as up.<\/strong> <\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Baby boomers hold over half of the UK wealth and should start legacy planning now  Gen X can benefit from early financial advice to simplify future decisions and manage inherited wealth  Millennials are motivated to build wealth and should start planning early to prepare for what\u2019s ahead  The UK\u2019s \u2018great wealth transfer\u2019 will see an […]<\/p>\n","protected":false},"author":12,"featured_media":30905,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,89],"tags":[],"hd_content_source":[116],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/30904"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/comments?post=30904"}],"version-history":[{"count":3,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/30904\/revisions"}],"predecessor-version":[{"id":31829,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/30904\/revisions\/31829"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media\/30905"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media?parent=30904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/categories?post=30904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/tags?post=30904"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/hd_content_source?post=30904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}