Planning to minimise the liability to IHT is a team effort involving you and JNS. To enable long-term planning to be set in place, it is important to carefully consider your planning options before making decisions about your financial planning and the distribution of your estate.
Tailored wealth succession planning enables a smooth transition to the next generation as well as minimising tax liabilities.
IHT is currently payable where a person's wealth is in excess of £325,000 (2018/19 tax year). Thus, if you own your home and have some savings, life assurance policies, or business assets, your estate could be liable.
We can advise...
- Efficient planning on the inheritance tax on family homes and family businesses
- Retirement planning