Wealth Preservation

If you have spent a lifetime building up the value of your estate, it makes sense to protect its value for the benefit of those you wish to leave it to on your death. 

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Inheritance tax is one of the most unpopular, but legally avoidable, taxes we pay. It is a tax on your worldwide assets following your death, assets that you have built up over your lifetime, many of which you have already paid tax on as they grew.

We can help to design a solution that will reduce or eradicate altogether the amount of Inheritance Tax that may be due on your estate and ensure that your assets pass to your beneficiaries in the most appropriate manner.

Estate planning is quite simply the process of preparation and planning for the estate that you will leave behind after your death. The objective is to mitigate the effects of any applicable Inheritance Tax and to provide for your family and wider beneficiaries after you have passed away.

There are many ways in which you can protect your estate against any potential tax liability, these include: making a ‘will’, setting up trusts, making lifetime gifts, using your annual exemptions etc.

Whichever route is chosen it is important to undertake any planning well in advance as, in the case of Inheritance Tax, there is a seven-year window where gifts and transfers become exempt from the tax if you survive for the full period.

Don’t leave this planning to chance or the tax man could be the biggest beneficiary of your estate. Why not contact us today and see how we can help you develop a plan that will protect the value of your estate for your beneficiaries.

Note: This service is not regulated by the Financial Conduct Authority.

"Inheritance Tax is a voluntary levy paid by those who distrust their heirs more than they dislike the Inland Revenue"
Roy Jenkins UK Labour Chancellor
Never let the tax tail wag the investment dog. In most cases, tax is a by-product of significant gains, so the net return will still be very worthwhile!
If you don't have a will, someone else will decide who inherits your assets after your death, so the wrong people may inherit. Make a will and remove the uncertainty.
HMRC received over £6,100,000,000 in inheritance tax receipts in 2021 which was a 14% increase on 2020.
HMRC July 2022
See - Introduction to Inheritance Tax
See - Introduction to Leaving an Inheritance
See - Introduction to Inflation
See - Introduction to Tax Planning
See - Where Independence Counts

Risk Warning: The value of your investments and any income you take from them can go down as well as up, and you may get back less than you invested. You should also note that past performance is not a reliable guide for future performance.

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