Inheritance Tax Planning

Do you know who will get the most from what you leave behind?

Your family?, Your friends or charities?, The taxman?

According to Roy Jenkins, 'Inheritance Tax is a levy paid by those who distrust their relatives more than they dislike the Inland Revenue!'.

If you are married or in a civil partnership, current UK legislation allows up to £624,000 of your estate to be free from Inheritance Tax. It may sound a lot but when you add up the value of your house, savings and investments and other belongings, you may be surprised by how much your estate is actually worth. With house prices generally rising, in 5 or 10 years time, the value of your estate is likely to be a great deal more.

Whilst it is often good news and comforting to know that your assets are growing in value, the bad news is that under current legislation, the taxman could take a massive 40% of everything you leave over the £624,000 limit.

This means that the Inland Revenue may receive more from your estate than your loved ones! Many people do not realise this and don't know what they can do about it.

We believe that this tax can easily be reduced if not eliminated with some straightforward planning. Our popular fee free Inheritance Tax Planning Service aims to help you reduce this tax but retain control over your investments and estate, if that is what you require.

Skipton Financial Services (SFS), was chosen to offer a special Inheritance Tax Planning service to the readers of the Daily and Sunday Telegraph. The Telegraph Group chose SFS above all other IFAs in the country due to their established and proven expertise in the IHT field.

What to do next

The rules and regulations surrounding the various ways of mitigating Inheritance Tax are not straightforward. Our guidance however, is. Why not make an appointment for an Inheritance Tax Review with one of our Financial Specialists?

MIA has developed a simple and effective planning process for what can be a complicated and confusing subject. Balancing the key aspects of maximum effectiveness and minimum inconvenience, we have a ‘staircase of solutions’ for clients. This process ensures that you take the easiest and least disruptive steps first, when planning how to avoid or reduce this tax. The review is completely fee-free and you will have no obligation whatsoever. It is, however, a chance for you to see if we can make you and your family financially better off.

	Why not try our IHT calculator to see if you are potentially at risk.

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