Pass on advice occasionally (3)
I believe the answer is:
die
'pass on' is the definition.
(pass on can mean to die)
'advice occasionally' is the wordplay.
'occasionally' means one should take alternating letters (letters taken at regular intervals or occasions).
The alternate letters of 'advice' are 'DIE'.
(Other definitions for die that I've seen before include "Stamping device" , "A device used for casting metal" , "Cease living" , "Cease to exist" , "Perish" .)