All You Need To Know About Inheritance Tax

This Is One Of 15 Ways To Reduce Your Tax

Click the button below to see them all

All You Need To Know About Tax Planning

tax planning

Inheritance Tax (IHT) planning is a key part of protecting your personal balance sheet from financial ‘predators’.

Without effective tax planning, Inheritance Tax has the potential to take away a considerable proportion of your legacy.

How you structure your assets now through Inheritance Tax planning will determine what happens to your legacy after you’ve gone.

Inheritance Tax is complex: do nothing and you could lose control over who benefits from what and when.

Addressing the issue early and on your terms could help you legitimately reduce your estate’s Inheritance Tax liability and ensure your loved ones benefit in the way you intend.

One of the key objectives of Inheritance Tax planning is to legitimately limit Inheritance Tax by, for example, maximising the amount your intended beneficiaries receive.

This can be achieved through a combination of family trusts, gifts and wills to suit your circumstances, and maximisation of all the reliefs and allowances available.

If you’re internationally mobile, either in your personal or business dealings, this should be taken into account.

It’s a sensible idea to review your Inheritance Tax planning every two years, and following any significant life event such as birth, marriage, separation and house purchase, to ensure your plans remain reflective of your wishes.

Speak With A Tax Expert Now To Reduce Your Tax

Working alongside your professional advisers, it’s no surprise that specialist tax advisers can often identify extra opportunities for you to save tax, across a variety of personal and business areas.  After all, they're experts in their field.

To discover how much additional tax you might be able to save, please complete the form below and we’ll introduce you to a specialist tax adviser to discuss your requirements.

Your initial conversation will be without charge and without any commitment to go ahead. 

The Financial Conduct Authority does not regulate taxation advice.

Please Share This

If you’ve found this page of interest, please would you kindly send a link to it to your friends and colleagues using the buttons below.  You’ll be helping us out, and they might like it too.  Thanks, it's much appreciated.

 

AJ Bell Is Often The Best Value SIPP For Stockmarket Assets

That's our opinion.  Not just because AJ Bell was the first company to offer an online SIPP.  Nor that it's received many prestigious awards.  And not even because the wife of SIPPclub's Founder has an AJ Bell SIPP.  It's because it's one of the most competitive stockmarket SIPPs on the market. 

Over time, charges can wipe out a huge part of your fund.  We like AJ Bell because there are no set-up costs.  If you hold passive funds, which is our preference, or shares, investment trusts, EFTs, gilts or bonds, you pay one small fixed fee no matter how large your fund.  And when you come to draw your benefits either as occasional drawdown or UFPLS payments, there's a small charge for the whole year no matter how many times you access your money (many SIPP and SSAS providers charge more than this for each payment).  However, you should always compare charges in detail, because AJ Bell could be more expensive than other providers, depending on the type of stockmarket assets you hold.

Visit AJ Bell

Get Valuable SIPP And SSAS Insights Emailed Directly To Your Inbox Every Monday

  • Please use an email address you can access. You can unsubscribe at any time.
IMPORTANT NOTE: NOTHING FEATURED ON SIPPclub IS EITHER AN IMPLIED OR A SPECIFIC RECOMMENDATION TO MAKE, OR TO REFRAIN FROM MAKING A FINANCIAL DECISION.  THIS PAGE HAS NOT BEEN APPROVED AS A FINANCIAL PROMOTION.

As SIPPclub neither advises on, nor arranges, nor recommends specific investments or strategies, we're unable to say whether a SIPP or SSAS or any investment within it is right for you. Ultimately, it’s your money and your decision, and you should only proceed once you're satisfied you've undertaken sufficient due diligence. If you need advice, you should speak to your trusted adviser, or you could find a local adviser from Unbiased.co.uk.  Alternatively, we'd be pleased to introduce to a suitably qualified independent financial adviser.

Please read our full Terms which includes criteria for SIPPclub membership.