Estate Planning
Inheritance Tax:- "Inheritance tax is, broadly speaking, a voluntary levy paid by those who distrust their heirs more than they dislike the Inland Revenue" -Lord Jenkins
When you die your estate will have to pay inheritance tax at the rate of 40% on assets over the nil-rate band, currently £650,000 for married couples and civil partnerships, remaining at £325,000 per individual, unless you take some form of action.
If you are a homeowner, you may well have a problem.
We advise on a variety of means of mitigating inheritance tax, including the use of trusts, wills and allowances.
The tax treatment is dependant on individual circumstances any may be subject to change in the future.
Contact Andrew Burdge, Cert PFS for a confidential chat to see if we can help reduce your inheritance tax liability.
The Financial Services Authority does not regulate taxation advice.