3-pink-inherit-rec3.jpg
 

Inheritance Tax Planning

 

Effective inheritance tax planning could save your family hundreds of thousands of pounds. 

Inheritance tax planning has become more important than ever following the Government's decision to freeze the £325,000 lifetime exemption. Over time inflation will pull more families into the tax net. In addition from the 6th of April 2017 home owners have a residents nil rate band which will increase to £175,000 per person from 6th April 2020.

There are many exemptions that can help mitigate the tax paid, however, many families fail to take full advantage of what is on offer.

AWM will be happy to explain the options available to you and help you to implement a plan that will minimise your family’s tax implications.

If you think your estate might have to pay Inheritance Tax, there are simple things you can do to reduce tax losses including:

  • Making a tax efficient Will

  • Use of Trusts

  • Gifts from surplus disposable income

  • Inheritance Tax Exemptions

  • Gifts during your lifetime

  • Specialist Life Cover

  • Business Property Relief Qualifying Investments

 
 

Please get in touch to discuss the best options available to you and your family.