Inheritance Tax Planning (IHT)
It was hard work creating your estate. Why let the taxman have 40% of it? There is little reason to! For many people this is a voluntary tax and there are many opportunities to organise your affairs to minimise its impact.
The use of Trusts
For many people simple trusts can be a useful IHT planning tool. Life assurance policies can be settled into trust and remain outside your estate and therefore be free of IHT. If you are worried about IHT please do not hesitate to contact us for a complementary consultation.
Investment Products to help
Some investment products, such as an AIM portfolio, if held for two years will qualify for Business Property Relief. There are also a number of other products and plans which can help reduce your IHT liability.