We have partnered together with Vyman Solicitors to bring you a webinar series designed to help you navigate the legal and financial aspects of planning your estate and having your affairs in order. In case you missed our webinar on preserving family wealth here’s a few key points we covered off during the session.

 

How to pass down wealth to your family as a gift
Most people are aware of the £3,000 annual exemption on gifts for IHT purpose, however there are other allowances that can be utilised including the little known or used, regular gifts out of income

 

What is the costs of a trust, do you need one?
It is often a common perception that to avoid estate duty you can put the assets into a trust, however there are many tax potential problems of doing this, and some painful tax consequences if you fail to plan correctly.

 

How a deed of variation can affect your inheritance tax bill
This is a nifty piece of post death planning, that can be used to pass over wealth to the next generation

 

Our top tax efficient investments
There are numerous that can form part of a comprehensive tax plan, the tax benefits not only cover IHT but can help reduce CGT and Income tax.

 

Pensions in IHT planning
Use the fantastic planning opportunities that a pension offers to you and your estate to reduce IHT and use other investments to generate your retirement income.

 

Using Business property relief for IHT planning
This 2 year rule is a huge time saving of 5 years for you to move inheritance taxable invested money or cash outside of your estate.

 

What is a discounted gift plan
This plan can be used to produce you a tax free income stream, and at the same time reduce the value of your estate that is taxable on day one of money moving into it.

 

To learn more, click here to watch the full recording of our webinar.
If you would like to speak to our team about your will and IHT, please get in touch.