Inheritance Tax Planning

Having created wealth throughout your lifetime, key consideration of investment planning is deciding to ensure that you and your family benefit from it without incurring an undue burden of taxation.

Your personal wealth may create a potential Inheritance Tax (IHT) bill and most people don't like to see the result of their hard work and prudent investment going to H M Inland Revenue.

Unfortunately, there are many people who make insufficient plans to mitigate the tax payable by their beneficiaries on their death.  Many people do not plan because of misconceptions about the tax.  Inheritance Tax can be mitigated relatively easily if planned for properly, and in addition to financial planning there are other simple steps that can be taken to help make things easier in the future.

• Make an effective will
• Use annual exemptions

Inheritance Tax is payable on the total value of your worldwide assets and there is a potential charge when passing money to anyone with the exception of one's legal spouse.

We are experienced in providing advice and establishing investments which can assist with IHT mitigation.  These can be combined with our discretionary management service.