We are pleased to present below all posts tagged with 'Inheritance tax planning'. If you still can't find what you are looking for, try using the search box.
What makes whole of life cover so powerful is that it creates a known solution to an unknown problem. While none of us can predict when we’ll pass away, many of us can forecast the financial consequences that will follow.
Popular tags: Whole of life policy in trust, whole of life cover, whole life cover insurance, whole of life insurance, what is whole of life insurance, whole of life insurance for inheritance tax, inheritance tax planning, independent financial advisers
Unlike ISAs or pensions, investment bonds are not commonly discussed at dinner tables or cited in mainstream financial coverage. But for many investors, they offer a tax-deferral mechanism that, when paired with careful planning, can significantly shape long-term outcomes.
Popular tags: Investment bonds, how do investment bonds work in the uk, what is the 5% rule for investment bonds, are investment bonds tax free in the uk, can you withdraw from and investment bond, are investment bonds tax free in the uk, financial planning, independent financial adivisers, inheritance tax planning
What makes AIM especially relevant to inheritance tax planning is that many of its listed shares qualify for Business Relief (BR). This is a powerful exemption under UK tax law that allows certain business assets — including AIM shares held for at least two years — to be passed on free from inheritance tax.
Popular tags: Alternative investment market, AIM ISAs, independent savings account, general investment account, inheritance tax planning, independent financial advice, wealth management, investments and savings
The nil rate band and residence nil rate band exemptions determine how much of an estate can pass tax-free to beneficiaries. While the nil rate band has been fixed at £325,000 since 2009, the residence nil rate band adds an additional allowance when a home is passed to direct descendants, subject to certain conditions.
Popular tags: Nil rate band, residence nil rate band, inheritance tax, inheritance tax planning, inheritance tax thresholds, tax allowances
Estate planning is often misunderstood as a process solely for drafting wills or distributing assets after death. However, it plays a far more significant role within the framework of wealth management, serving as a tool to safeguard assets, optimise financial structures, and ensure wealth is transferred efficiently across generations.
Popular tags: estate planning, wealth management, inheritance tax planning, inheritance tax, wealth management planning
The true benefit of working with an IFA goes beyond just selecting the right financial products. They take a full and comprehensive approach to financial planning, helping to structure, manage, and grow your wealth in a way that aligns with your goals.
Popular tags: Independent financial adviser, independent financial advice, financial planning, estate planning, retirement planning, inheritance tax planning, wealth management, investments and savings, protection planning, portfolio management
Inheritance tax is a tax levied on the estate of a person who has passed away. It applies to the total value of their assets, including property, savings, investments, and personal belongings. The standard rate of inheritance tax is 40%, and it is applied to the portion of the estate that exceeds the inheritance tax threshold.
Popular tags: inheritance tax, iht tax, inherent tax, inheritance and taxes, hereditary tax, inheritance taxation, succession tax, inheritance tax england, british inheritance tax, inheritance tax in uk, inheritance tax threshold, inheritance tax limit, calculating inheritance tax, inheritance tax planning, inheritance tax limit
For married couples, the rules surrounding inheritance tax in the UK include several allowances and exemptions that can make a significant difference. However, to fully benefit from these provisions, careful planning and attention to detail are essential.
Popular tags: inheritance tax, inheritance tax for married couples, inheritance tax in the uk, nil rate band, residence nil rate band, inheritance tax threshold, inheritance tax planning, independent financial advisers, minimise inheritance tax
Individual pension plans are personal pension schemes set up by individuals, separate from employer-sponsored pensions. In the UK, individual pension plans are critical for those looking to manage their wealth independently and ensure a smooth transfer of assets to their beneficiaries.
Popular tags: estate planning, independent financial adviser, individual pension plan, lifetime allowance, wealth management, personal pension plan, inheritance tax planning, self invested personal pension, sipps
Navigating the complexities of Inheritance Tax (IHT) planning in the UK can be daunting, yet understanding how to strategically use investments and pensions for this purpose is crucial for anyone looking to manage their estate effectively.
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Note: This page is for information purposes only and should not be considered as financial advice. Always consult an Independent Financial Adviser for personalised financial advice tailored to your individual circumstances.