Category Archives: Inheritance Tax
Effective estate planning can safeguard your wealth for future generations If you want to have control over what happens to your assets after your death, effective estate planning is essential. After a lifetime of hard work, you want to make … Continue reading
You don’t have to be wealthy for your estate to be liable for Inheritance Tax Protecting your estate is ultimately about securing more of your wealth for your loved ones and planning for what will happen after your death to … Continue reading
Should you review your situation with further changes on the horizon? Inheritance Tax (IHT) affects not just the very rich – other people may be liable without realising it. Few taxes are quite as emotive – or as politicised – … Continue reading
HM Revenue & Customs allows you to make a number of small gifts each year without creating an Inheritance Tax liability. Remember, each person has their own allowance, so the amount can be doubled if each spouse or registered civil … Continue reading
Legitimate ways in which the 40% tax can be avoided With careful planning and professional financial advice, it is possible to take preventative action to either reduce your beneficiaries’ potential Inheritance Tax bill or mitigate it out altogether.
No longer a tax that only the richest people in society have to face As Benjamin Franklin said, the only things that are certain in life are death and taxes, and Inheritance Tax touches on both of them. When you … Continue reading
Getting to grip with the numbers £325,000 The first £325,000 value of your estate is called the ‘Nil Rate Band’ because, although it is taxable to Inheritance Tax (IHT), it is taxed at 0% (tax year 2015/16).
One in three Britons rely on a cash windfall to fund their retirement plans Anticipated inheritances often don’t materialise. But one in three working Britons (35%) are still relying on an inheritance in order to achieve a stable financial future. … Continue reading