Financial Illumination

Hosted by luminwealth

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Oct 2026

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About the show

Lumin provides personable financial advice and investment management services. With a fully dedicated team of Financial Consultants and Paraplanners, over 4,000+ families trust us with their wealth management needs and we currently manage £1.6billion+ in client assets. Through 1:1 consultations, Lumin’s financial plans are geared toward growing and protecting wealth by optimising our clients’ income, assets, tax burden and financial security. We are a Chartered firm and have been consistently ranked among the top advisers in the UK according to the FT Adviser’s and Citywire's New Model Adviser’s top 100 financial advice firm rankings. We are part of VZ Group, the leading independent financial services provider in Switzerland which employs around 1,700 people. The collaboration has cemented our core values of providing transparent, straightforward advice delivered by highly qualified professionals.

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32 recent

October 20, 202627 min

5 Questions To Ask Before Choosing a Financial Adviser | Lumin Wealth

Choosing the right Financial Adviser could make a significant difference to your financial future. But how do you know who to trust, what to look for, and whether you're getting value for money?  In this episode of Financial Illumination, the Lumin Wealth team breaks down the key questions you should ask before choosing a Financial Adviser, helping you understand what to look for and how to make a more informed decision.  From understanding the difference between independent and restricted Financial Advisers to checking FCA authorisation, qualifications and fees, this episode explores what really matters when choosing someone to manage your financial future.  You'll discover: - Independent vs Restricted Advice: What’s the difference, and how could it affect the recommendations you receive?  - How Financial Advice Is Delivered: What level of service, communication and ongoing support should you expect?  - Qualifications and FCA Authorisation: How to check your Adviser is properly qualified and authorised to provide financial advice.  - Financial Adviser Fees: How initial and ongoing charges work, and why understanding the long-term impact of fees is essential.  - Long-Term Relationships: Why you should consider your Adviser’s future plans and what happens if they retire or sell their business.  Whether you're looking for your first Financial Adviser, reviewing your current arrangements or simply want to understand financial planning better, this episode will help you ask the right questions and feel more confident about your decisions.  Please note that the content of this podcast is for informational purposes only and should not be considered financial advice. As always, your capital is at risk when investing.  Lumin is authorised and regulated by the Financial Conduct Authority.  Like and subscribe to the channel so you don’t miss any future episodes!  Powered by Lumin Wealth:  https://luminwealth.co.uk/ #investing  #FinancialPlanning #CapitalGainsTax #StocksAndSharesISA #RetirementPlanning #LuminWealth #FinancialIllumination #FinancialAdvice #FinancialPlanning #MoneyManagement #WealthManagement #PersonalFinance

October 6, 202622 min

How Much Inheritance Tax Will You Really Pay? | Lumin Wealth

Inheritance Tax can be one of the biggest financial considerations when planning for the future. But how does Inheritance Tax actually work, how much could you have to pay, and what can you do to reduce your potential liability? In this episode of Financial Illumination, Alan Pereira and Harvey Armstrong explain Inheritance Tax in simple terms, including how estates are valued, the nil rate band, residence nil rate band, spousal exemptions and the 7-year gifting rule. They also explore Inheritance Tax planning strategies including gifting, life insurance, trusts and Business Relief, before working through a real-life-style case study to show how an Inheritance Tax bill can be calculated. The episode also looks at the upcoming April 2027 changes to pensions and Inheritance Tax, and why this could have a significant impact on retirement and estate planning. In this episode: How Inheritance Tax works The current Inheritance Tax allowances Nil rate band and residence nil rate band explained How married couples can use transferable allowances The 7-year gifting rule Ways to reduce or plan for Inheritance Tax Life insurance and trusts Business Relief How pensions could be affected from April 2027 A worked Inheritance Tax case study Please note that the content of this podcast is for informational purposes only and should not be considered financial advice. As always, your capital is at risk when investing. Lumin is authorised and regulated by the Financial Conduct Authority. Like and subscribe to the channel so you don’t miss any future episodes! Powered by Lumin Wealth: https://luminwealth.co.uk/ #ISA #CashISA #Investing #FinancialPlanning #CapitalGainsTax #StocksAndSharesISA #RetirementPlanning #LuminWealth #FinancialIllumination

September 22, 202617 min

Financial Planning: Are Your Investments Actually Working for You? | Lumin Wealth

Having investments and pensions is one thing but do you have a clear financial plan for what they’re actually going to achieve? In this episode of Financial Illumination, Jack Dudley and James Corcoran from Lumin Wealth explore the importance of having a structured financial plan, rather than simply letting investments and pensions build up in the background. The episode covers: Why having a financial plan can give your money greater direction The difference between simply having investments and having a financial plan How cash flow modelling can help you plan for retirement Common pension and investment mistakes The risks of holding too much cash Pension lifestyle strategies and the potential impact on investment growth  How to think about tax-efficient retirement income Why starting financial planning earlier can make a difference How financial planning can help you make more confident decisions about your money Whether you’re approaching retirement, building your wealth or simply wondering whether your current investments are working towards your long-term goals, this episode offers useful insights into creating a more intentional financial plan. Please note that the content of this podcast is for informational purposes only and should not be considered financial advice. As always, your capital is at risk when investing. Lumin is authorised and regulated by the Financial Conduct Authority. Like and subscribe to the channel so you don’t miss any future episodes! Powered by Lumin Wealth: https://luminwealth.co.uk/ #ISA #CashISA #Investing #FinancialPlanning #CapitalGainsTax #StocksAndSharesISA #RetirementPlanning #LuminWealth #FinancialIllumination

September 8, 202616 min

How Much Money Do I Need to Retire? Retirement Planning & Pensions | Lumin Wealth

How much money do you really need to retire? Is there a magic retirement number, or does it depend on your lifestyle, spending and financial circumstances?   In this episode of the Financial Illumination podcast, brought to you by Lumin Wealth, Harvey Armstrong and Alan Pereira explore how to work out how much you need for retirement and how to build a sustainable retirement plan.   They discuss retirement planning, pension savings, the State Pension, inflation, budgeting, Defined Benefit pensions, ISAs, cash savings and investment income, as well as how to plan for the years between retiring and receiving the State Pension.   The conversation covers how to:   - Work out your expected spending in retirement - Separate essential, discretionary and one-off expenses - Understand how inflation could affect your retirement income - Combine pensions and other assets to fund your lifestyle - Plan for early or partial retirement - Use cash flow forecasting to visualise your long-term financial plan - Consider downsizing and future property equity - Make the most of different income sources and tax allowances   The key message? Retirement isn't a magic number or a specific age. It's about having enough assets and income to support the lifestyle you want for the rest of your life.   Please note that the content of this podcast is for informational purposes only and should not be considered financial advice. As always, your capital is at risk when investing.   Lumin is authorised and regulated by the Financial Conduct Authority.   Like and subscribe to the channel so you don’t miss any future episodes!   Powered by Lumin Wealth: https://luminwealth.co.uk/   #ISA #CashISA #Investing #FinancialPlanning #CapitalGainsTax #StocksAndSharesISA #RetirementPlanning #LuminWealth #FinancialIllumination

August 25, 202624 min

ISA Changes 2027 Explained: Cash ISAs, Investments & Capital Gains Tax | Lumin Wealth

What do the upcoming ISA changes mean for your savings and investments? And what should you be thinking about before April 2027?   In this episode of Financial Illumination, James Corcoran is joined by Jack Dudley from Lumin Wealth to break down the latest changes affecting Cash ISAs, Stocks & Shares ISAs and General Investment Accounts, and what they could mean for your long-term financial planning.   The conversation explores the proposed reduction in the Cash ISA allowance from £20,000 to £12,000 for under-65s from April 2027, the taxation of interest earned on cash funds held within investment ISAs, and why more people may need to think carefully about how they structure their savings and investments.   James and Jack also discuss: • Cash ISAs vs Stocks & Shares ISAs • How to make the most of your ISA allowance • What happens when you have used your ISA and pension allowances • How General Investment Accounts (GIAs) work • Capital gains tax and the £3,000 annual allowance • Using allowances between spouses and civil partners • Tax-efficient investment strategies • Why you shouldn't let tax considerations dictate your entire investment strategy • The importance of matching your investments to your financial goals and timeframe • Why having a clear financial plan matters when legislation keeps changing   Whether you're approaching retirement, building your long-term investments, or simply trying to understand how the latest UK ISA and tax changes could affect you, this episode offers an accessible overview of the key issues to consider.   Please note that the content of this podcast is for informational purposes only and should not be considered financial advice. As always, your capital is at risk when investing.   Lumin is authorised and regulated by the Financial Conduct Authority.   Like and subscribe to the channel so you don’t miss any future episodes!    Powered by Lumin Wealth https://luminwealth.co.uk/   #ISA #CashISA #Investing #FinancialPlanning #CapitalGainsTax #StocksAndSharesISA #RetirementPlanning #LuminWealth #FinancialIllumination

August 13, 202610 min

Are You Making These Common Investment Mistakes?

Investing isn’t just about picking the right investments, it’s about avoiding the costly mistakes that can quietly erode your returns. In this episode of Financial Illumination, Senior Financial Consultant, Sara Moore is joined by Financial Consultant, Kris Fisher, to explore some of the most common investment mistakes – from trying to time the market and making emotional decisions, to following social media trends without doing your own research. They discuss why diversification matters, how fees can eat into long-term returns, and why sometimes the best strategy during market volatility is to simply do nothing at all. Please note that the content of this podcast is for informational purposes only and should not be considered financial advice. As always, your capital is at risk when investing. Lumin is authorised and regulated by the Financial Conduct Authority.

July 28, 202617 min

Inheritance Tax (IHT) Strategies: The Insurance Approach More Families Should Know About

What if a Whole-of-Life insurance and annuity could help fund an Inheritance Tax (IHT) bill? As more families become affected by IHT – and with pensions set to form part of your estate for IHT purposes from April 2027 – planning ahead has never been more important. In this episode, hosts Harvey Armstrong and Alan Pereira explore how Whole-of-Life insurance and annuity strategies can help provide funds to meet an IHT bill, protecting more of your wealth for future generations. They also discuss why cash flow planning is essential and whether the insurance strategy is right for you. Please note that the content of this podcast is for informational purposes only and should not be considered financial advice. As always, your capital is at risk when investing. Lumin is authorised and regulated by the Financial Conduct Authority.

July 15, 202617 min

What Happens To Your Pension When You Die?

Pension death benefits are one of the most valuable, and least understood, aspects of financial planning. With around 35% of UK wealth held in pensions, they play a major role in how wealth is passed between generations, yet many people are unaware that pension benefits often sit outside of their Will. In this episode, Financial Consultant, Israel Babatunde, explains what pension death benefits are, dispels some of the most common misconceptions, and discusses why beneficiary nomination forms are just as important as having an up-to-date Will. He also explores how Defined Contribution pensions are structured, the role of pension trustees, when you should review your nominations, and the tax considerations surrounding inherited pensions, including the upcoming Inheritance Tax (IHT) changes from April 2027. Please note that the content of this podcast is for informational purposes only and should not be considered financial advice. As always, your capital is at risk when investing. Lumin is authorised and regulated by the Financial Conduct Authority.

June 30, 202617 min

Considering Equity Release? How To Turn Your Home Into Financial Flexibility

Equity release is becoming an increasingly important part of later-life financial planning, particularly as rising property wealth and upcoming inheritance tax changes prompt more people to consider how best to use the value tied up in their homes. However, it's a financial planning topic that is often misunderstood. In this episode of ‘Financial Illumination’, Financial Consultant and Equity Release expert, Sara Moore is joined by Financial Consultant, Kris Fisher, to unpack what equity release is, how it works, and whether it could be the right option for you or your family. They explore the two main types of equity release, along with the repayment options, flexibility, risks, and borrowing limits of modern products. Sara also discusses how equity release can support estate and Inheritance Tax (IHT) planning, including gifting to children in light of upcoming Inheritance Tax (IHT) changes, and explains why seeking regulated financial advice is essential before making any decisions. Please note that the content of this podcast is for informational purposes only and should not be considered financial advice. As always, your capital is at risk when investing. Lumin is authorised and regulated by the Financial Conduct Authority.

June 15, 202615 min

Is Your "Safe" Cash Quietly Losing You Thousands?

More people than ever are holding large amounts of cash, often without realising that inflation and taxes can steadily erode its value over time. In this episode, Harvey Armstrong and Alan Pereira explore the hidden costs of keeping too much money in cash and explain why investing can be a powerful tool for building and preserving long-term wealth. They discuss the key differences between cash and investments, how inflation impacts purchasing power, and the potential benefits of putting your money to work in the markets. Whether you're a cautious saver or looking to make your money work harder, this episode provides practical insights to help you make more informed financial decisions. Please note that the content of this podcast is for informational purposes only and should not be considered financial advice. As always, your capital is at risk when investing. Lumin is authorised and regulated by the Financial Conduct Authority.

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