How can you stop the taxman taking up to 40% of your estate?

We can help ensure that your personal wealth is managed as tax-efficiently as possible. We can advise with:

  • Personal tax planning strategies
  • Tax-efficient remuneration strategies to extract profits from your business
  • Remuneration strategies for you and your employees
  • Tax-efficient savings and investments
  • Planning for a comfortable retirement
  • Estate and inheritance tax planning

When you have spent a lifetime building up your personal wealth, you want to be sure that on your death you can stop the taxman taking up to 40% of your estate, and be certain it will pass into the hands of your chosen beneficiaries.

Inheritance tax (IHT) used to be referred to as a ‘voluntary tax’ for the very wealthy, but with the increases in property values without a corresponding increase in the IHT threshold, many more estates have come within of the taxman’s reach. This makes estate planning all the more necessary and all the more urgent.

There are a number of ways to reduce the potential tax liability on your estate, but they all involve careful planning – often over a long period. Lifetime gifts, the judicious use of trusts, and agricultural and business property can all help to reduce your IHT liability. It is also possible to mitigate potential IHT liabilities by arranging adequate life assurance cover.

We can help you with your estate planning, including succession planning and business exit strategies. We can also recommend solicitors if you need to write or update your will, and where appropriate, act as trustees or executors.

For more information about any aspect of our wealth management and protection services, please call 01674 672555 or complete the contact form here.