| Throughout the process of mitigating IHT there are
several key areas that we look at and these include...
Your current financial position,
Retirement planning,
Protection planning,
Investments,
Loan planning,
Tax planning . . .
and of course Inheritance tax mitigation...
which can all form part of a financial planning strategy
for you and your family.
Although we do realise that not all areas are appropriate
to all clients, please bear in mind that they may be
of significant benefit to your children, grandchildren
or beneficiaries, who at the end of the day are always
the ones who will benefit from efficient and successful
Inheritance Tax planning.
This is why, as part of our service, we undertake to
provide regular reviews for our clients, to ensure that
the implications of any changes in legislation can be
fully taken into account in any required alterations
to an existing strategy.
As advisers, our priority is you, it is your hard
earned wealth and we will not put your position at risk
simply to reduce a potential liability to this tax.
When looking at investments we understand the importance
of getting the balance right between risk and reward
and how this balance can change over the years, which
is another very good reason for those regular reviews
!
IHT is quite rightly regarded as a “Voluntary
Tax” it does not have to be paid !
When your estate is faced with a potential liability
to Inheritance tax you have 4 real options..
- Reduce it ( either by spending it, or giving it
away)
- Cap it (stop it getting worse)
- Mitigate it ( provide for it)
- Or you can PAY IT.
The final question is always the same.
How important is it to avoid this tax?
You have paid tax throughout your working life on
earnings, savings and probably on investments.
You retire and you are taxed on your pension income,
And when you die they want to tax what's left,
Unless you do something about it !
- contact us now! |
