With an inheritance tax rate of 40% estate planning should be of concern to all individuals.
As prices rise, more and more people are being pulled above the nil rate band and are risking their loved ones being left with large tax bills simply for passing on what they worked so hard to achieve. £4.6 billion* was collected through inheritance tax in the 15/16 tax year, which is a shocking amount considering inheritance tax is one of the most avoidable taxes in the UK.
At Beaumont we have an in-depth understanding of the inheritance tax regulations and can provide you with specialist, tailored advice to meet your individual circumstances.
We can advise on the use of:
- Annual gifts
- Use of the correct assurance policies
- Appropriate exemptions
- Efficient planning
We can develop solutions to maximise the estate available to your family, thus ensuring all you worked so hard for is passed on to your loved ones with no strings attached.
If you want to find out more about our Estate Planning Service click here
Not all areas of Estate Planning or tax planning are regulated by the Financial Conduct Authority