Inheritance Tax Planning
Providing certainty and security for your loved ones
Inheritance can often come with a hefty tax bill. But in many cases, it is a bill that can be avoided. Using tried-and-tested strategies, built around your unique circumstances, we can minimise the impact of Inheritance Tax. Giving you and your loved ones peace of mind.
What is inheritance tax?
Inheritance Tax is a tax on the value of your estate after you die. Your estate includes everything from property, such as homes, cars and jewellery, to investments and savings. If the value is over the nil rate band threshold, any amount above that threshold could be subject to 40% tax. This tax must be paid before any of your estate is passed on to your loved ones.
How can I reduce the impact of Inheritance Tax?
By planning ahead, you can ensure you have enough money to enjoy life today and care for your loved ones tomorrow. Our independent financial advisers have the expertise to create an effective plan that could help reduce or even remove the impact of Inheritance Tax. Everyone has a different plan in mind, and unique situations, but some of the ways you can do this include:
Utilising the residence nil rate band to give you additional allowance
Using Trusts to efficiently manage your assets
Making financial gifts to family, friends and even charities
With you every step of the way
Talk to one of our advisers and we can help you understand Inheritance Tax and all the changes in legislation that might occur using plain English. We will assess your current financial situation and offer advice for how you can best manage your finances. Ensuring you can pass on your wealth to the next generation without any worries.