After working all our lives for financial success and security, it is only natural to want to pass down the fruits of our labour to the ones we love. We can help you achieve this goal. We listen, assess, and advise you on the most appropriate strategies for inheritance tax planning, preserving your hard-earned assets from any unnecessary inheritance tax liability.

We understand that inheritance tax planning is not always an easy conversation. We respect the gravity and importance of these decisions. Rest assured that we value your trust, and will always offer you the most informed inheritance tax advice and guidance on preserving and protecting your assets for your heirs.

We are happy to discuss inheritance tax planning and inheritance tax advice with you. If you’re worried about the rules on inheritance tax or the potential for any inheritance tax increase, we’re on hand to discuss how we can help. Your first consultation is always at no cost and comes with no obligation.

Our Clients’ Priorities

  • The tax efficient investment of capital for growth or income
  • Retirement planning
  • Mitigation of tax liabilities, including inheritance tax
  • The need for adequate family protection in the event of death or ill health
  • Design and maintenance of an employee benefits program
  • Funding for business and commercial products

Rules on Inheritance Tax and Reducing Inheritance Tax Liability

There are various different ways you can go about reducing your inheritance tax amount. One way is to reduce the size of your estate to below your total inheritance tax allowance by gifting your money into trust or utilising other investment options such as Business Property Relief and Enterprise Investment Scheme products. All of these offer different benefits in lessening any inheritance tax increase. Alternatively, you may wish to downsize to a cheaper property, giving money to your children now instead of later. This means that your children will still benefit from the residence nil-rate band that applied to your previous home. However, as well as these, there are a number of other options available to reduce your inheritance tax amount, such as releasing equity from your property.

New rules on inheritance tax extending the IHT-free allowance have, however, come into play recently, and mean that some couples may be able to pass on £1 million tax-free by 2020. Nevertheless, inheritance tax liability is expected to rise even more over the next 5 years, potentially reaching £6.2 billion by 2022.

We are always eager and available to meet with you to discuss inheritance tax advice, financial objectives and assess your current strategies. No question is too big or too small. The first consultation is always at no cost and comes with no obligation. If you’re concerned about the potential inheritance tax amount on your estate, talk to a local financial adviser about rules on inheritance tax today.