Inheritance Tax planning

Inheritance Tax planning

To important to put on hold

All too often, people do put off estate planning. This is understandable because rather than preparing for the here and now, it requires consideration about what will happen when your life is over, hardly something most of us rush to contemplate.

Consequently, looking at estate planning often becomes, and all too often remains, a do-it-tomorrow task. When it could suddenly become all-important it might be far too late. After all, accidents and illnesses can and often do happen.

will writing

Expert Advice

To have the peace of mind that your estate will be shared as you wish, without any extra strain or worry for your loved ones, then please get in touch.

  • Too important to put on hold

    All too often, people do put off estate planning. This is understandable because rather than preparing for the here and now, it requires consideration about what will happen when your life is over, hardly something most of us rush to contemplate.

    Consequently, looking at estate planning often becomes, and all too often remains, a do-it-tomorrow task. When it could suddenly become all-important it might be far too late. After all, accidents and illnesses can and often do happen.

  • Do not ignore the impact of inheritance tax (IHT). Very broadly speaking, IHT is levied on your estate at death and on certain gifts made during your lifetime.

    • The tax rate at death is normally 40%.
    • THE IHT TAX REGIME – The rules include:
    • Transfers between spouses and civil partners:
    • Gifts Annual exemptions
    • Charities, etc.: Gifts and bequests to UK charities, political parties and for the public benefit are exempt from tax.
    • Wedding gifts
    • Reliefs Business and agricultural reliefs:
    • Taper relief: The amount of tax payable at death on a gift that was made within the previous seven years is subject to a sliding scale

    Tax avoidance legislation has steadily increased over the years. For example, the ‘gift with reservation’ rules would prevent you making any IHT savings by putting your home in your children’s names and then continuing to live there rent free.

  • Estate planning and IHT planning are often lumped together as a single process.

IMPORTANT – IHT PLANNING REFERRED

Beaufort Financial is a trading name of Beaufort Financial Planning (Westerham) LLP, an appointed representative of Beaufort Financial Planning Limited which is authorised and regulated by the Financial Conduct Authority.
Beaufort Financial Planning (Westerham) LLP is registered in England & Wales. Company no OC353366.
Registered office: Timbers, Southview Road, Crowborough, TN16 1HW
The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses have been unable to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombusman.org.uk.

Need information?

At Discover Equity Release we provide first contact for free information with no obligation which will help you in making the right decision in releasing equity from your home.

IMPORTANT – IHT PLANNING REFERRED
Beaufort Financial is a trading name of Beaufort Financial Planning (Westerham) LLP, an appointed representative of Beaufort Financial Planning Limited which is authorised and regulated by the Financial Conduct Authority. Beaufort Financial Planning (Westerham) LLP is registered in England & Wales. Company no OC353366. Registered office: Timbers, Southview Road, Crowborough, TN16 1HW The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses have been unable to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombusman.org.uk.

IMPORTANT – EQUITY RELEASE REFERRED
Equity Release may involve a Lifetime Mortgage or a Home Reversion Scheme. To understand the features and risks, please ask for a personalised illustration. Equity Release may affect your entitlement to means tested state benefits and will impact on the size of your estate. The Right Equity Release do not charge any upfront fees.

IMPORTANT
Our service provides information only, no advice* and with no obligation to those individuals who are considering releasing Tax Free funds from their property. *When you are ready we have the facility to refer you on to one of the UK’s leading equity release advisory companies.

© 2019 All rights reserved
Discover Equity Release.

Designed by A Design Day

E-mail

info@discoverequityrelease.org.uk

Call Us

01732 920 957

IMPORTANT – IHT PLANNING REFERRED
Beaufort Financial is a trading name of Beaufort Financial Planning (Westerham) LLP, an appointed representative of Beaufort Financial Planning Limited which is authorised and regulated by the Financial Conduct Authority. Beaufort Financial Planning (Westerham) LLP is registered in England & Wales. Company no OC353366. Registered office: Timbers, Southview Road, Crowborough, TN16 1HW The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses have been unable to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombusman.org.uk.

IMPORTANT – EQUITY RELEASE REFERRED
Equity Release may involve a Lifetime Mortgage or a Home Reversion Scheme. To understand the features and risks, please ask for a personalised illustration. Equity Release may affect your entitlement to means tested state benefits and will impact on the size of your estate. The Right Equity Release do not charge any upfront fees. 

IMPORTANT
Equity Release may involve a Lifetime Mortgage or a Home Reversion Scheme. To understand the features and risks, please ask for a personalised illustration. Equity Release may affect your entitlement to means tested state benefits and will impact on the size of your estate. The Right Equity Release do not charge any upfront fees.

E-mail

info@discoverequityrelease.org.uk

Call Us

01732 920 957

© 2019 All rights reserved
Discover Equity Release.

Designed by A Design Day