INHERITANCE TAX PLANNING

This area of financial planning can sometimes be an uncomfortable topic to discuss but a must if the situation arises. Inheritance Tax (IHT) is a major concern for many people; especially given the substantial rises in UK property in recent times has led to more estates and families falling outside the IHT threshold. Without proper inheritance tax advice and planning, people can end up leaving a substantial tax liability on their death, considerably reducing the value of the estate they pass on to chosen beneficiaries.

There are various ways of reducing Inheritance Tax from making regular gifts out of surplus income through to sizeable gifts through investment into trust. However,  each of the options available must be considered carefully, matched to your individual needs/circumstances & also to adhere to HMRCs rules.

We specialise in providing inheritance tax planning and advice to our clients to reduce or even remove the impact of Inheritance Tax. Using our expert knowledge in the area of estate planning, we are able to provide tailored solutions to assist with the transfer of wealth from generation to generation for our clients to ensure a legacy is left to your chosen beneficiaries.

Once established, we will continue to review your tax planning arrangements or investments on a regular basis with you to ensure that they remain up to date with changes in taxation legislation or indeed any changes in your own circumstances.

Most people are surprised not only by the size of their estates once calculated – but also by the limit set for inheritance tax and the huge tax liability that may need to be paid

Please note that some aspects of inheritance tax planning and trusts are not regulated by the Financial Conduct Authority

We can help! Contact us for a free initial consultation, call us on 01603 964076.

You can also fill out the contact form below, and we’ll get in touch for a free, no-obligation chat