An Example...
Here's an example of how inheritance tax is collected for individuals
Emma Johnson dies, leaving an estate of her home and investments of
£500,000
After subtracting the nil rate band, her taxable estate is valued at
£175,000
Her family and those left behind will be liable for an inheritance tax bill of
£70,000
Planning and Solutions
Pension Planning
Equity Release Schemes
Pension Planning
2014 saw changes in tax law, allowing individuals to benefit from leaving certain pensions as part of their estate.
Gifting
Equity Release Schemes
Pension Planning
Some gifts are always inheritance tax free, coupled with the annual £3,000 gifting allowance, gifts are an important part of your legacy.
Equity Release Schemes
Equity Release Schemes
Equity Release Schemes
By releasing equity from your home, you reduce the value of your estate, which can lower the liability for your beneficiaries. The funds released are tax-free, they do not directly impact your inheritance tax calculations. The equity can be gifted or invested, reducing the value of your estate further and benefiting from exemptions.
Setting up a Trust
Setting up a Trust
Equity Release Schemes
Trusts ensure that assets are kept in the family over generations, and they can be set up exactly to your personal wishes. Trusts make sure assets are given to beneficiaries in a controlled, timely manner.
Life Insurance
Setting up a Trust
Life Insurance
Taking out a life insurance policy to cover anticipated inheritance tax ensures the tax bill is paid, preserving the estate's value for heirs. Placing the policy in a trust can also exclude the pay out from the estate, further reducing the inheritance tax burden.
Investments
Setting up a Trust
Life Insurance
Our advisors will assess if you would benefit from making investments in Business Relief-qualifying companies. Owning shares in one of these companies allows investments to be left to your children free from inheritance tax.
