Inheritance Tax Planning

We believe that effective Inheritance Tax (IHT) planning is of paramount importance when preparing a financial plan. IHT is a very penal tax – the rate charged on death is currently 40% over the nil-rate band.

It is crucial that appropriate decisions are made and implemented in order to ensure the most effective strategy is incorporated into your financial plan.

Our experience shows that effective IHT planning can save tens of thousands of pounds without losing control or access to your assets.

Whilst in theory gifts can be made to reduce the overall value of an estate, this is often not possible or appropriate. In our experience, although income in retirement may be sufficient to meet lifestyle expenditure, priorities dictate that future control and access to capital is often required to maintain quality of life. If this is the case, there are several strategies which can still be employed to achieve the desired outcome.

Inheritance Tax planning is not regulated by the Financial Conduct Authority.

Tax treatment is based on individual circumstances and may be subject to change in the future.

Information is based on our current understanding of taxation legislation and regulations. Any levels and bases of, and reliefs from taxation, are subject to change.